Economics 101

Economics 101

5th - 8th Grade

13 Qs

quiz-placeholder

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Economics 101

Economics 101

Assessment

Quiz

Business

5th - 8th Grade

Medium

Created by

Jeff Davis

Used 40+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is NOT part of the private sector?

Walmart

McDonald's

Frankfort Middle School

Target

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is NOT part of the public sector?

Taco Bell

Frankfort High School

WV State Police

United States Supreme Court

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which Economic system gives businesses total and complete freedom to operate without government interference?

Command

Traditional

Mixed

Free Market

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which Economic system gives the government complete control over all decisions in the economy?

Traditional

Command

Mixed

Free Market

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which Economic system is characterized by hunting and fishing and survival based on your ancestors?

Traditional

Mixed

Free Market

Command

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A modern day example of a command economy would be the country of...

The United States

France

Germany

North Korea

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The Economic system that combines aspects from a free market and a command system is called...

Free Market

Traditional

Command

Mixed

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