Economic Systems Quiz

Economic Systems Quiz

9th Grade

6 Qs

quiz-placeholder

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Economic Systems Quiz

Economic Systems Quiz

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Hard

Created by

Meridee Carreiro

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a Traditional Economy based on?

Market demand and supply

Central government decisions

Tradition and community values

Business investments

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a disadvantage of a Market Economy?

It ensures full employment

It can lead to periods of instability with growth and recessions

It distributes income more equally

It relies on tradition

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which economy relies on the central government to determine what goods and services to produce?

Traditional Economy

Market Economy

Command Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is Economic Efficiency?

The ability to make our own economic decisions without interference from the government

The fair and just distribution of a society's wealth

The production of more and better goods and services

Making the most of society's resources

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does Economic Security seek to provide?

Stability in goods and services

Freedom from government interference

Resources for the less fortunate members of society

Fair distribution of wealth

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which goal of economic systems ensures that goods and services are available when needed?

Economic Freedom

Economic Efficiency

Economic Growth

Economic Stability