
Review Quiz: Economic Systems
Authored by S Senior-Spencer
Business
7th Grade
Used 1+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is an economic system?
A type of government
A way a country decides how to produce, distribute, and consume goods
A country's laws
A country's population
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In a traditional economic system, how do people usually get what they need?
By trading goods and services
By using credit cards
By relying on government aid
By shopping online
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is an example of a command system?
A candy shop setting its own prices
Farmers deciding what crops to grow
The government deciding how much rice to produce
A family trading vegetables for fruit
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the main feature of a market system?
Government controls all businesses
Individuals and businesses make economic decisions
There is no use of money
People only produce what they need to survive
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which country is known for having a strong market system?
North Korea
United States
Cuba
Jamaica
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If you lived in a traditional system, which of these might you do?
Use an app to order pizza
Hunt for food and trade with your neighbors
Shop at a supermarket
Work in an office
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In a mixed system, what might the government control?
Candy shops
Schools and hospitals
Private businesses
Online shopping websites
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