Economic Systems Test
Quiz
•
Social Studies
•
6th Grade
•
Practice Problem
•
Medium
Lisa Franklin
Used 2+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the economic system with the most government control?
Socialist
Free Enterprise
Communist
Capitalist
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system has the least government control?
Socialist
Communist
Free Enterprise
Mixed Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of profit?
Financial loss
Financial gain
Financial stability
Financial risk
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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
What is a quota?
Unlimited number
Limited or fixed number
Variable number
Random number
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another term for a free enterprise economy?
Command economy
Mixed economy
Free market economy
Traditional economy
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