Economic Systems

Quiz
•
Business, Social Studies
•
9th - 12th Grade
•
Medium
Marissa Jadrosich-Forget
Used 797+ times
FREE Resource
19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is an economic system where only the government makes the economic decisions?
traditional economy
free enterprise
mixed economy
command economy
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What type of economy do most countries in the world have?
Market economy
Command economy
Traditional economy
Mixed economy
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?
Traditional
Market
Command
Centrally Planned
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The government has little to no role in the production of goods in this type of economy.
Traditional
Mixed
Command
Market
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The government gets to decide who gets what
Traditional
Command
Mixed
Market
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Based on traditions
Command
Traditional
Market
Mixed
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