Econ. Systems & Development Quiz

Econ. Systems & Development Quiz

6th Grade

15 Qs

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Econ. Systems & Development Quiz

Econ. Systems & Development Quiz

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Medium

Created by

Michelle Huebel

Used 10+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What are the three basic economic questions every society must answer?

What to produce? How to produce? For whom to produce?

Why to produce? Where to produce? Who produces?

When to produce? How much to produce? Where to produce?

Who to produce for? What to produce? Why to produce?

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What economic system is based on private ownership and the goal of making a profit?

Socialism

Communism

Capitalism

Traditional Economy

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In which economic system does the government own all the means of production and there is no private property?

Capitalism

Socialism

Communism

Market Economy

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which economic system aims to distribute wealth more equally among citizens?

Capitalism

Communism

Socialism

Traditional Economy

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the main difference between developed and developing nations?

Population size

Level of industrialization

Climate

Land area

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of economy is based on customs, traditions, and beliefs of the community?

Command Economy

Market Economy

Mixed Economy

Traditional Economy

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In which type of economy does the government make all the decisions regarding what, how, and for whom to produce?

Traditional Economy

Command Economy

Market Economy

Mixed Economy

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