Week 5  economic systems

Week 5 economic systems

10th - 12th Grade

58 Qs

quiz-placeholder

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Week 5  economic systems

Week 5 economic systems

Assessment

Quiz

Social Studies

10th - 12th Grade

Medium

Created by

B. Abd

Used 27+ times

FREE Resource

58 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the ...............economy , the government determines ............... , ..................... , ................to produce .

free / how , when and where

traditional / when , for whom and what

command / how , what and where

planned / what , how and for whom

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 

What are the three economic questions?

What to produce? How to produce? For whom to produce?

Who to produce? Why you produce? Like to produce?

Why to produce? Tell who to produce? Things to produce?

None of them

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of these true for the traditional economic system except one

Simple economic activity

Very effective

Uses tools like horse and arrow

Duplication of effort

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When answering the three basic economic systems , every society must take into consideration

values

the number of consumers

traditions

beliefs

values , traditions and beliefs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Lower standard of living is an advantage of

mixed economy

market economy

command economy

traditional economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Type of economic systems that is passed down from generation to generation is

Command

Traditional

Mixed

Market

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every society must answer the three basic economic questions similarly

True

False

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