
World Geography Quiz: Economic Systems
Authored by ROBERT JACKSON
Social Studies
9th Grade
Used 22+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system is most likely to have a high degree of economic freedom and individual choice?
Traditional
Free enterprise
Socialist
Communist
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is a disadvantage of a traditional economic system?
It hinders the progress and development of the society.
It promotes the efficient use of resources and technology.
It fosters the economic growth and innovation of the country.
It preserves the cultural heritage and values of a society.
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system is most likely to have a high degree of cultural diversity and social cohesion?
Traditional
Free enterprise
Socialist
Communist
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system is most likely to have a high degree of economic equality and social welfare?
Traditional
Free enterprise
Socialist
Communist
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is a benefit of a socialist economic system?
It provides a high level of public goods and services to the people.
It allows a high degree of market flexibility and efficiency.
It respects the cultural diversity and identity of the people.
It enhances the political stability and democracy of the country.
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which economic system is most likely to have a low degree of political stability and civil rights?
Traditional
Free enterprise
Socialist
Communist
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following countries is an example of a free enterprise economic system?
Cuba
Singapore
Venezuela
North Korea
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