
Self-Revision: Four Economic System
Authored by Econ Team
Social Studies
10th Grade
Used 8+ times

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21 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
How is each nation's economic system determined?
by a vote of the people.
by the key business organizations.
by answering three key economic questions.
all of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What determines the kind of economic system a country will have?
The way a country answers the three basic economic questions
The country's population size
The country's geographical location
The country's technological advancements
3.
MULTIPLE SELECT QUESTION
1 min • 1 pt
What are the three basic questions that every economic system must answer?
What's produced?
How's it produced?
Who sells it?
Who consumes it?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The four types of economic systems are:
Traditional, Command, Mixed, & Free Market
Traditional, Command, Combined, & Free Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of economic system is based on customs and beliefs?
Free Market
Command
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If I choose to be a fisherman for my town because my father was a fishermen, and my grandfather was a fisherman what economic system is this?
Mixed
Market
Traditional
Command
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
I am a farmer in Africa, and have always traded for my goods. I have a _____ economy.
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