
Economic Systems Certification Quiz
Quiz
•
Social Studies
•
9th - 12th Grade
•
Easy
Matthew Johnson
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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economic system bases its decisions on custom?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic equity is the ________ with which an economy distributes its resources and wealth.
traditions
fairness
unfairness
all of these
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic _____________ is the ability to make our own economic decisions without interference from the government.
freedom
constraint
opportunites
dead end
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Innovation (new ways of doing things) plays a large role in advancing an economy toward which economic goal?
Economic Security
Economic Equity
Economic Freedom
Economic Growth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most modern economies today are ______ economies.
market
traditional
command
mixed
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a ___________ economy, decisions about production and consumption are made by the government.
market
mixed
command
free enterprise system
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A _________ economy is an economic system in which economic decisions are left up to individual producers and consumers.
Mixed
Command
Traditional
Market
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