Economic Systems Quiz

Economic Systems Quiz

9th Grade

28 Qs

quiz-placeholder

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Economic Systems Quiz

Economic Systems Quiz

Assessment

Quiz

Geography

9th Grade

Practice Problem

Medium

Created by

Joaquin Gonzalez

Used 1+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who runs the economy in a traditional economy?

The central government

Customs, traditions, and beliefs

The free market

Both the government and the free market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key aspect of a command economy?

Barter trade

Total government control

Economic freedom

Free market dominance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where can a mixed economy typically be found?

Dictatorships

Rural societies

Democratic nations with regulations

Authoritarian governments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a market economy, who has the most control?

The central government

Customs and traditions

The free market

Authoritarian leaders

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a traditional economy, what is often used instead of money for trading?

Bartering

Banking

Investing

Borrowing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which type of economy is characterized by government control and no economic freedom?

Command Economy

Market Economy

Mixed Economy

Traditional Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a mixed economy, who runs the economy?

Both the government and private sector

Only the government

Only private businesses

Local communities

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