Economic Systems

Economic Systems

6th Grade

10 Qs

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Economic Systems

Economic Systems

Assessment

Passage

Social Studies

6th Grade

Practice Problem

Medium

Created by

Amber Logan

Used 5+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main characteristic of command economies?

Centralized government planning

Decentralized decision-making

Government regulation and intervention

Private ownership of resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country has a mixed economy with a strong private sector but government regulation in certain industries?

United Kingdom

United States

Singapore

Canada

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In market economies, what determines what, how, and for whom goods and services are produced?

State ownership

Private ownership

Supply and demand

Government planning

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of mixed economies?

Centralized government planning

Private ownership alongside state-owned enterprises

Decentralized decision-making

Extensive individual economic freedom

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country has an economy driven by market forces with minimal government interference?

United States

Singapore

Canada

United Kingdom

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main characteristic of market economies?

State ownership of resources

Decentralized decision-making

Government regulation and intervention

Centralized government planning

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country has extensive government control over the economy, deciding what is produced and how resources are allocated?

North Korea

United Kingdom

Singapore

Canada

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