Retake CE 11b/12 Types of Economies

Retake CE 11b/12 Types of Economies

8th Grade

20 Qs

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Retake CE 11b/12 Types of Economies

Retake CE 11b/12 Types of Economies

Assessment

Quiz

Social Studies

8th Grade

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Created by

Chelsea Lauck

Used 3+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This type of economy is passed down through family traditions. They learn from their parents. 

Traditional 
Market 
Mixed 
Command 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement best describes a traditional economy?

I can chose to be a nurse or I can be a teacher.

I don't have to work; my economy lets me do whatever I want.

The government tells me that I have to be a nurse.

My parents were nurses, so I have to be a nurse.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement best describes a free market economy?

The government and the people have a say

I can make money, choices, and own my own things

I follow in the ways of the past

The central government controls what I do

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement best describes a command economy?

The government and the people have a say

I can make money, choices, and own my own things

I follow in the ways of the past

The central government controls what I do

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement best describes a mixed economy?

I can chose to be a nurse or I can be a teacher.

I don't have to work; my economy lets me do whatever I want.

The government tells me that I have to be a nurse.

My parents were nurses, so I have to be a nurse.

6.

MATCH QUESTION

1 min • 1 pt

Match the following examples to their type of economic system.

Traditional Economy

John is a farmer because his father was farmer.

Mixed Economy

Eddie is told that he has to work in a factory and doesn't get a choice.

Command Economy

Katie lives in the US and the government provides public goods, like her school.

Free Market Economy

Kathy can make profit from a job that she chose to do.

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which of the following is NOT a basic question of Economics?

What will be produced?

For whom will it be produced?

What will be supplied?

Who will produce it?

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