Economic Systems, Vocab
Authored by Nancy Hyatt
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43 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of an economic system?
To provide a minimal standard of living or quality of life.
To provide everything that everyone needs.
To limit government interference in the classroom.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unlimited wants and limited resources lead to
scarcity
a traditional economy
traditions
high demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economy in which life tends to be stable, predictable and continuous.
Traditional
Market
Command
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sharing is a big part of this economic system.
Traditional
Market
Command
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Private property is illegal in this economic system
Traditional
Market
Command
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government has very little interference with the economy in this economic system.
Command
Traditional
Market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Mbuti tribe of central Africa is an example of
Traditional
Market
Command
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