Economic Systems

Economic Systems

Assessment

Flashcard

Social Studies

9th Grade

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

The four types of economic systems are: Traditional, Command, Mixed, & Market, Traditional, Command, Combined, & Market, Communism, Capitalism, Free Market, and Macroeconomics, Microeconomics, Macroeconomics, Individual, and Traditional.

Back

Traditional, Command, Mixed, & Market

2.

FLASHCARD QUESTION

Front

A command economy is when the government is in control.

Back

True

3.

FLASHCARD QUESTION

Front

Which economic system involves both the government and people in deciding how to use scarce resources?

Back

Mixed economy

4.

FLASHCARD QUESTION

Front

Which economic system makes decisions based on tradition & culture?

Back

Traditional economy

5.

FLASHCARD QUESTION

Front

What is an economic system where only the government makes the economic decisions?

Back

command economy

6.

FLASHCARD QUESTION

Front

What type of economy do most countries in the world have?

Back

Mixed economy

7.

FLASHCARD QUESTION

Front

The country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

Back

Command

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