Types of Economies

Types of Economies

9th Grade

41 Qs

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Types of Economies

Types of Economies

Assessment

Quiz

Geography

9th Grade

Easy

Created by

John Zomer

Used 10+ times

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41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

A command economy would BEST be placed at which point on the diagram?

Point A

Point B

Point C

Point D

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Which point on the diagram BEST represents a free market/free enterprise economy

Point A

Point B

Point C

Point D

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of economy involves trading, and doesn't usually use money?

Command
Traditional
Market
Mixed

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of economy is run by the businesses & business owners?

Command
Mixed
Communist
Market

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Prices and wages are determined by producer supply and consumer demand.

traditional
command
market
mixed

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of economy has private property, consumer sovereignty (consumer power), individual choice, profit, and no government involvement?

traditional economy

command economy

free market economy

mixed economy

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An economic system in which the government decides what goods will be produced, how they will be produced and how they will be distributed

Traditional

Command

Market

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