
Econ and Fin Lit economic systems
Authored by Joel Melvin
Social Studies
9th - 12th Grade
Used 7+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
economic system where the goverment makes all the decisions about what to produce, how to produce and for whom to produce
traditional
market
command
planned
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
System in which the government makes all the economic decisions.
traditional
command
market
free enterprise
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following terms are sometimes used when we describe a command economy?
capitalism
market economy
communism
free enterprise
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When consumers interact with suppliers to decide what will be produced.
command system
market system
socialism
free enterprise
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system where buyers and sellers make the economic decisions.
traditional
command
market
communism
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic system in which buyers and sellers make the decisions, but the government is involved as a rule maker and provider of services
command
socialism
mixed market
capitalism
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
economic system used in the United States?
socialism
communism
traditional
mixed market
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