Search Header Logo

3.15 Economic Systems

Authored by Robert Burden

Social Studies

6th - 8th Grade

Used 20+ times

3.15 Economic Systems
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system has provided the highest standards of living?

Capitalism

Traditional economy

Communism

Command economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The development of new technologies from private businesses is an advantage of which economic system?

Capitalism

Socialism

Communism

Theocracy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement best describes a socialist economy?

The government owns several basic industries and provides many services at no cost.

Government ownership of the means of production and free market competition
Private ownership of the means of production and decentralized planning
Free market economy with no government intervention

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement best describes a capitalist economy?

Government control of all businesses and resources
Equal distribution of wealth among all citizens
Absence of competition and monopolies in the market
Private ownership of the means of production and pursuit of profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system does the government control all aspects of the economy?

Mixed economy

Communist economy

Free market economy
Capitalist economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where is power located in a confederal system?

Power is located at the local level in a confederal system.
Power is located at the international level in a confederal system.
Power is located at the national level in a confederal system.
Power is located at the regional or state level in a confederal system.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system has the least amount of government control?

Socialist

Communist

Federalist

Capitalist

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?