Economic System Study Guide

Economic System Study Guide

12th Grade

23 Qs

quiz-placeholder

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Economic System Study Guide

Economic System Study Guide

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Easy

Created by

Walter Dunn III

Used 60+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which economic system allows for the most individual freedom?

Mixed

Market

Command

Traditional

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In which economic system does the government have the most control?

Traditional

Command

Mixed

Market

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

In which economic system do individuals do things based on customs & beliefs?

Command

Market

Mixed

Traditional

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How do traditional economies exchange goods?

bartering

sets the prices of goods

determines the wages of workers

plans what will be made

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Most democratic countries have which type of economic system?

Mixed

Command

Traditional

Market

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If your parents were soy bean farmers, then you would be a soy bean farmer too. What type of economy is this?

Mixed

Traditional

Command

Market

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

competition between companies (shifts prices of goods/services)

bartering

scarcity

free enterprise

economics

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