Economic $ystems

Economic $ystems

9th - 12th Grade

10 Qs

quiz-placeholder

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Economic $ystems

Economic $ystems

Assessment

Quiz

Geography

9th - 12th Grade

Easy

Created by

Angela Smith

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which is NOT one of the 3 economic questions societies have to answer?

What will we create?

What will we produce

How will we produce it?

Who gets it?

2.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of the following is NOT one of the Factors of Production?

land

labor

control

capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Who and with which book came up with the classification of the factors of production?

Karl Marx; Das Communism

Karl Marx; Los Capitol

Karl Lagerfeld; Das Kapital

Karl Marx; Das Kapital

4.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

The government controls the factors of production a what kind of economy?

demand

command

free market

socialist

5.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Abolition of private property .Classless society. A society where everyone owns the factors of production and output is distributed equally. What are these characteristics of?

true capitalism

true communism

true free market

true socialism

6.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Which of the following are NOT countries that have seen themselves historically as communist

China

Canada

Soviet Union

Cuba

7.

MULTIPLE CHOICE QUESTION

30 sec • 10 pts

Both private property and some public ownership and control of industry. The goal is to meet specific collective objectives and to provide free and easy access to things like education and healthcare are characteristics of ____?

social work

social contract

communism

socialism

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