
Economic Systems
Quiz
•
Social Studies
•
12th Grade
•
Medium
Kevin Morales
Used 10+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system is based on customs and beliefs, people will do the same work as their parents, and the exchange of goods is through bartering (no money)?
Traditional
Command
Market
Mixed
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system does the government make all economic decisions and owns most of the property - it is sometimes called communism?
Traditional
Command
Market
Mixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system are all resources privately owned and the buyers and sellers answer the three economic questions?
Traditional
Command
Market
Mixed
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system is both market and command combined and most democratic countries fall into this category?
Traditional
Command
Market
Mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which type of economic system is it when the government decides what to produce, the government decides how to produce, and the government decides who gets the goods produced?
Traditional
Command
Market
Mixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which type of economic system is it when the market decides what needs to be produced, private businesses decide how to produce, and consumers decide what they are willing to pay for goods?
Traditional
Command
Market
Mixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which type of economic systems does Cuba and North Korea have?
Traditional
Command
Market
Mixed
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