What is an economic system?
Economic Indicators

Quiz
•
Social Studies
•
6th Grade
•
Medium
Brooke Milam
Used 8+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system that only involves trading goods and services.
A system that defines how a country's economy functions, including production, distribution, and consumption.
A system that only involves the use of money.
A system that only focuses on farming.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of a traditional economy?
The government controls all economic activities.
Goods and services are traded without using money.
Prices are determined by supply and demand.
It is also known as a mixed economy.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, who controls the country's economy?
Private businesses
The government
Individual consumers
International organizations
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is another name for a market economy?
Barter system
Communism
Free Market or Capitalism
Mixed economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is often associated with communism?
Traditional economy
Command economy
Market economy
Mixed economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, what determines the prices of goods?
The government
Supply and demand
International trade agreements
Historical prices
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a mixed economy?
An economy where only the government owns businesses.
An economy that combines elements of both market and command economies.
An economy that relies solely on barter.
An economy that does not involve any government intervention.
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