Economic Systems-World Culture Notebook
Authored by Bridget B
Education
6th Grade
Used 3+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Command
*Government Controls
*Communist
*Most economic systems today
*Free Trade
*Competition
*U.S.
*50/50 split
*½ government control
*½ private ownership
*Social-ism
*Few pure exist
*Mixed economy
*Combine traditional, market, and command
*Communist
*Socialist
*Capitalist
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Market
*Government Controls
*Communist
*Most economic systems today
*Free Trade
*Competition
*U.S.
*50/50 split
*½ government control
*½ private ownership
*Social-ism
*Few pure exist
*Mixed economy
*Combine traditional, market, and command
*Communist
*Socialist
*Capitalist
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Mixed
*Government Controls
*Communist
*Most economic systems today
*Free Trade
*Competition
*U.S.
*50/50 split
*½ government control
*½ private ownership
*Social-ism
*Few pure exist
*Mixed economy
*Combine traditional, market, and command
*Communist
*Socialist
*Capitalist
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Modern
*Government Controls
*Communist
*Most economic systems today
*Free Trade
*Competition
*U.S.
*50/50 split
*½ government control
*½ private ownership
*Social-ism
*Few pure exist
*Mixed economy
*Combine traditional, market, and command
*Communist
*Socialist
*Capitalist
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Communist
*Closely related to Command
*Govt. Owns all factors of production
*No private ownership
*Little to no political freedom
Closely related to Market
*Individuals and businesses own Factors of Production
*Consumers buy goods and services
*Consumers create competition in the market
*Can be called Free Enterprise
*U.S.
*Canada
*Taiwan
*Govt. Plays a limited role in health and safety
*U.S. Capitalism called Free Enterprise
*Citizens have freedoms
***Freedoms:
*Exchange goods and services
*Choose Careers
*Own businesses
*Make $
*Obey Laws
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capitalist
*Closely related to Command
*Govt. Owns all factors of production
*No private ownership
*Little to no political freedom
Closely related to Market
*Individuals and businesses own Factors of Production
*Consumers buy goods and services
*Consumers create competition in the market
*Can be called Free Enterprise
*U.S.
*Canada
*Taiwan
*Govt. Plays a limited role in health and safety
*U.S. Capitalism called Free Enterprise
*Citizens have freedoms
***Freedoms:
*Exchange goods and services
*Choose Careers
*Own businesses
*Make $
*Obey Laws
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Modern Capitalist
*Closely related to Command
*Govt. Owns all factors of production
*No private ownership
*Little to no political freedom
Closely related to Market
*Individuals and businesses own Factors of Production
*Consumers buy goods and services
*Consumers create competition in the market
*Can be called Free Enterprise
*U.S.
*Canada
*Taiwan
*Govt. Plays a limited role in health and safety
*U.S. Capitalism called Free Enterprise
*Citizens have freedoms
***Freedoms:
*Exchange goods and services
*Choose Careers
*Own businesses
*Make $
*Obey Laws
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