
Traditional Economy Reading
Authored by STEVE FRANKLIN
Business
10th Grade

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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a traditional economy also known as?
Subsistence economy
Mixed economy
Command economy
Market economy
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Where are traditional economies typically found?
Impoverished countries
Developed countries
Urban areas
Industrialized nations
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the main tasks for workers in a traditional economy?
Hunting, gathering, and cultivation
Manufacturing
Technology development
Financial services
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is one advantage of a traditional economy?
High surplus production
Increased financial well-being for individuals
Deepened social bonds and unity
Rapid technological advancement
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which tribe is an example of a society that still uses a traditional economy?
Navajo tribe of the United States
Maasai tribe of Kenya
Inuit tribe of northern Canada
Aboriginal tribe of Australia
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the main disadvantage of a traditional economy?
Many individuals living in poverty for their entire lives
Rapid technological advancement
Increased financial well-being for individuals
Deepened social bonds and unity
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What happens to any excess goods produced in a traditional economy?
They are exported to other countries
They are sold in the market
They are distributed among the workers
They are given to a ruling authority or landowner
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