2024-2025 Intro to Business Economic Systems Quiz

2024-2025 Intro to Business Economic Systems Quiz

9th - 12th Grade

12 Qs

quiz-placeholder

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2024-2025 Intro to Business Economic Systems Quiz

2024-2025 Intro to Business Economic Systems Quiz

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

Freda Fields

Used 20+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

The four types of economic systems are: 

Traditional, Command, Mixed, & Market
Traditional, Command, Combined, & Market
Communism, Capitalism, Free Market, and Macroeconomics
Microeconomics, Macroeconomics, Individual, and Traditional.

2.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?

Market economy
Command economy
Traditional economy
Mixed economy

3.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Which of the following is an economic system in which economic decisions are made according to social roles & culture?

Market economy
Command economy
Traditional economy
Mixed economy

4.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

What is an economic system where only the government makes the economic decisions? 

traditional economy
free enterprise 
mixed economy
command economy

5.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

What type of economy do most countries in the world have?

Market economy
Command economy
Traditional economy
Mixed economy

6.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

Traditional 
Market 
Command 
Centrally Planned 

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What are the 3 economic questions?

What to produce? How To Produce? For whom to produce?
Who to produce? Why you produce? Like to produce?
Why to produce? Tell who to produce? Things to produce?

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