Economic Systems Review

Economic Systems Review

12th Grade

•

26 Qs

quiz-placeholder

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Economic Systems Review

Economic Systems Review

Assessment

Quiz

•

Social Studies

•

12th Grade

•

Hard

Created by

Yanique Moore

Used 1+ times

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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following economic systems allows citizens full freedom in choosing a career and workplace?

Capitalism

Fascism

Socialism

Communism

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is NOT one of the three main economic systems?

Communism

Fascism

Socialism

Capitalism

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a characteristic of an entrepreneur?

Fear

Risk taking

Self deprecation

Pessimism

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is the way a society produces goods and services?

Laissez faire

Socialism

Economic systems

Marxism

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Little to no freedom in selecting a career and workplace is a characteristic in which economic system?

Capitalism

Socialism

Fascism

Communism

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A private enterprise systems permits which of the following to make economic decisions?

Individuals

The republic

States

Government

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is a market economy?

A combination of two economic systems

An economy where the government makes all decisions

An economy where customs and traditions make all decisions

An economy where individuals make all decisions

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