Based on individual choice and voluntary trade
Characteristics of Economic Systems
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Characteristics of Economic Systems
Quiz
•
Social Studies
•
6th Grade
•
Medium
Kisha Moody
Used 11+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Market
Command
Traditional
Communism
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Encourages competition between businesses
Command
Market
Traditional
Communism
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Customs have been passed down through generations
Command
Market
Traditional
Native Americas
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Government leaders answers the three basic economic questions
Command
Market
Traditional
Democracy
5.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Bartering (Trading) for goods replaces the need for currency (money)
Command
Market
Traditional
Currency
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Businesses are privately owned by the people
Command
Market
Traditional
Autocratic
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Social roles and customs determine how goods are made, sold, and bought
Command
Market
Traditional
Democracy
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