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Economic Systems Review

Authored by Doris Martin

Social Studies

6th - 8th Grade

45 Questions

Used 25+ times

Economic Systems Review
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1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What type of economy is there NO pure version of?

Mixed Economy

Command Economy

Traditional Economy

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is a good going OUT of a country?

Export

Import

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is a good going IN of a country?

Export

Import

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Countries should have more exports than imports.

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which of the following is NOT a Productive Resource?

Natural Resources

Capital Goods

Human Capital

Literacy Rate

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

A Decrease in Literacy Rate, causes a ____________ in Standard of Living.

Increase

Decrease

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

A Increase in Literacy Rate, causes a ____________ in Standard of Living.

Increase

Decrease

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