Economic Systems Quiz
Authored by R Jones
Social Studies
8th Grade
Used 2+ times
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29 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy is characterized by families being responsible for the production of goods and services they need?
Mixed
Traditional
Command
Market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which type of economy are all production decisions made by a small group of political leaders?
Traditional
Command
Market
Mixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy is based on independent production decisions in a free marketplace?
Mixed
Market
Command
Traditional
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the real-life example of a Command economy?
United States
North Korea
Canada
Cuba
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country's economy integrates the best features of all three other types of economic systems?
Cuba
Canada
United States
North Korea
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used for the economic system that allows for state-owned elements and free enterprise?
Traditional
Command
Mixed
Market
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy represents a decentralized, everyone for themselves economy?
Mixed
Command
Traditional
Market
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