Economic Systems Assessment One
Authored by Michael Piccolo
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12th Grade
Used 13+ times
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
An economic system is best defined as a(n)
2.
MULTIPLE SELECT QUESTION
30 sec • 4 pts
Which of the following are considered the three economic questions?
3.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
This economy relies on the way things have always been done, custom and rituals dictate a person's role in society.
4.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Economic decisions are based on the voluntary exchange of households and firms in this type of economic system
5.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Like the United States, this system is based on market principles, but accepts the role of government in a limited role.
6.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
In this type of system, the economic questions are based upon central planners in government.
7.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
All of the following would be countries that at one time operated on a command style system EXCEPT
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