Econ Chapter 2
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Medium
Michael Williams
Used 42+ times
FREE Resource
Enhance your content in a minute
22 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an Economic System?
Organized way a society provides for the wants and needs of its people
The system in which economic models are created
The formative structure that lays over the foundation of the stock market
A proposal of Adam Smith's that resources are in fact unlimited
2.
MATCH QUESTION
1 min • 1 pt
Match the following Economic Systems
factors of production are collectively owned and directed by the state; *classless*
Command System
private citizens own and use the factors of production in order to generate profits
Communism
Allocation of scarce resources, and other economic activity is the result of ritual, habit or custom
Market System
the government owns some, but not all, of the factors of production/resources
Socialism
a central authority that makes the major economic decisions
Traditional System
3.
MATCH QUESTION
1 min • 1 pt
The following countries economic systems are best characterized by which market structure?
Cuba
Traditional
North Korea
Command
France
Market
Inuit Peoples
Socialist
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Rapid Economic Growth and no government involvement is an Advantage of what System?
5.
REORDER QUESTION
1 min • 1 pt
Order the Following in rate of Economic Growth
Mixed
Traditional
Capitalist
Command
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Volatile and Risky economies are a disadvantage of which economic systems?
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Simplicity and Everyone knowing their role is an advantage of which market system?
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
21 questions
Unit 4 - Technology and Sustainability
Quiz
•
9th - 12th Grade
19 questions
US History Exam Review - Imperialism and WWI
Quiz
•
9th - 12th Grade
20 questions
AP Psychology Unit 1 Review
Quiz
•
10th - 12th Grade
19 questions
Modern U.S. History GSE 22-23
Quiz
•
9th - 12th Grade
19 questions
Microeconomics Vocab Review
Quiz
•
9th - 12th Grade
20 questions
Social Institution
Quiz
•
9th - 12th Grade
20 questions
Asian American/Pacific Islander Heritage Quiz
Quiz
•
3rd - 12th Grade
20 questions
Unit 7: The Great Depression
Quiz
•
10th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
20 questions
Figurative Language Review
Quiz
•
6th Grade
Discover more resources for Social Studies
26 questions
APUSH Period 6 Review
Quiz
•
12th Grade
20 questions
WG Vocabulary List 21 2025
Quiz
•
9th - 12th Grade
73 questions
AP Psychology - Developmental Psychology
Quiz
•
10th - 12th Grade
15 questions
American and French Revolutions
Quiz
•
9th - 12th Grade
20 questions
Napoleon and European History Quiz
Quiz
•
9th - 12th Grade
15 questions
PFLE: Unit 2 Review
Quiz
•
12th Grade
16 questions
Unit 4 Industrial Revolution
Quiz
•
12th Grade
11 questions
Supremacy Clause 5d
Lesson
•
9th - 12th Grade
