Economic Systems Test

Economic Systems Test

6th Grade

15 Qs

quiz-placeholder

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Economic Systems Test

Economic Systems Test

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Medium

Created by

Lisa Franklin

Used 2+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the economic system with the most government control?

Socialist

Free Enterprise

Communist

Capitalist

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which economic system has the least government control?

Socialist

Communist

Free Enterprise

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the definition of profit?

Financial loss

Financial gain

Financial stability

Financial risk

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does economic freedom allow people to do?

Avoid taxes

Make decisions and earn rewards

Control the government

Increase inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is private property?

Public land

Land or belongings owned by a group

Government-owned land

Unclaimed land

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a quota?

Unlimited number

Limited or fixed number

Variable number

Random number

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is another term for a free enterprise economy?

Command economy

Mixed economy

Free market economy

Traditional economy

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