
Understanding Economic Systems
Interactive Video
•
Social Studies, Business
•
6th - 10th Grade
•
Hard

Mia Campbell
FREE Resource
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for the existence of economic systems?
To promote international trade
To manage the scarcity of resources
To ensure equal distribution of wealth
To eliminate poverty
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a traditional economic system, how are goods typically exchanged?
Using digital currency
With credit cards
Through bartering
Via online transactions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common feature of traditional economies?
Government planning of production
High technological advancement
Reliance on customs and traditions
Use of money for transactions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is most likely to use bartering as a method of exchange?
Market economy
Command economy
Traditional economy
Mixed economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of a command economy?
The government controls all economic decisions
Decisions are made by private citizens
Prices are determined by supply and demand
There is a high level of competition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following countries is an example of a command economy?
United States
United Kingdom
North Korea
Australia
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, who primarily decides what goods and services will be produced?
International organizations
Private citizens
The government
Local communities
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
11 questions
Exploring Command vs. Market Economies
Interactive video
•
6th - 10th Grade
11 questions
Understanding the Constitution
Interactive video
•
6th - 10th Grade
11 questions
Belize Geography and Culture Trivia
Interactive video
•
6th - 10th Grade
11 questions
Types of Federalism Quiz
Interactive video
•
7th - 10th Grade
11 questions
Post-War Dynamics and Cold War Tensions
Interactive video
•
6th - 10th Grade
Popular Resources on Wayground
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
20 questions
MINERS Core Values Quiz
Quiz
•
8th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
10 questions
How to Email your Teacher
Quiz
•
Professional Development
15 questions
Order of Operations
Quiz
•
5th Grade
Discover more resources for Social Studies
15 questions
Bill of rights
Quiz
•
8th Grade
10 questions
Constitution Warm Up #1
Quiz
•
8th Grade
18 questions
Foundations of America
Quiz
•
6th - 8th Grade
27 questions
SW Asia Governments - Saudi Arabia, Iran, Turkey & Israel
Quiz
•
7th Grade
20 questions
Southwest Asia Governments Review
Quiz
•
7th Grade
20 questions
Ancient Egypt
Quiz
•
6th Grade
16 questions
Ancient Mesopotamia Interactive Video
Interactive video
•
6th Grade
15 questions
Articles of Confederation
Quiz
•
8th Grade