Types of Economies

Types of Economies

Assessment

Flashcard

Social Studies

9th - 11th Grade

Hard

Created by

Wayground Content

FREE Resource

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18 questions

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1.

FLASHCARD QUESTION

Front

Which type of economy is controlled by the government? Options: Command, Market, Mixed, Democratic

Back

Command

2.

FLASHCARD QUESTION

Front

Which type of economy is run by the businesses & business owners?

Back

Market

3.

FLASHCARD QUESTION

Front

Government owns resources and controls production, prices, and wages.

Back

command

4.

FLASHCARD QUESTION

Front

Prices and wages are determined by producer supply and consumer demand. What type of economy does this describe? Options: traditional, command, market, mixed

Back

market

5.

FLASHCARD QUESTION

Front

What type of economy does the United States have? Options: Traditional, Command, Unlimited, Market

Back

Market

6.

FLASHCARD QUESTION

Front

Resources are usually shared. Many use bartering to exchange goods and services. What type of economy does this describe? Options: traditional, command, market, mixed

Back

traditional

7.

FLASHCARD QUESTION

Front

Government regulates certain industries. Options: traditional, command, market, mixed

Back

mixed

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