types of economy

types of economy

6th Grade

16 Qs

quiz-placeholder

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types of economy

types of economy

Assessment

Quiz

Other

6th Grade

Practice Problem

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Created by

Dorothy Boafo

Used 39+ times

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16 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are 2 Characteristics of a free enterprise economy?

Private ownership of businesses

Government controls distribution of goods and prices

Consumers have choice because of competition

Government controls production

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What are 3 characteristics of a communism's economic system?

Government controls industries and businesses

Limited government involvement

No private property

Consumers have more choice

Government controls production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

How would a free market economy be described?

An economy in which decisions are made by the government.
The international exchange of goods.
An economy based on supply and demand with little or no government control
An economy that is communist

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

Is Pizza a good or service?

service
good

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

An industry that includes farming such as growing crops and raising livestock (animals)

manufacturing

retail

agriculture

service

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

There are four types of economic systems. Most economies are _____.

Traditional

Command

Market

Mixed

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Media Image

Bike: Goods or Service? 

Goods
Service

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