Economic Systms and the US Economy

Economic Systms and the US Economy

8th Grade

20 Qs

quiz-placeholder

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Economic Systms and the US Economy

Economic Systms and the US Economy

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Hard

Created by

Austin Walter

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a country which operates under a traditional economy?

North Korea

Cuba

Kenya

US

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the 3 basic questions an economic system MUST answer?

Who will sell it, who will own the company, who will export

How will the government make it, who will buy it, who will sell it

Who will import, who will export, who will buy

What will be produced, how will it be produced, for whom will it be produced

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the Four economic systems?

Capitalism, Communism, Traditional, and Democracy

Free Market, Mixed, Democracy, and Traditional

Traditional, Mixed, Command, and Free Market.

Mixed, Command, Communism, and Traditional.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic system has the least government involvement?

Mixed economy

Free Market economy

Command economy

Traditional economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic system is centrally owned and centrally planned by a government?

Command economy

Free Market economy

Traditional economy

Communism

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What kind of economic system does this country have?

Traditional Economy

Communism

Mixed Economy

Command Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What kind of economy is most modern nations today?

Command economy

Capitalism

Free Market economy

Mixed economy

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