Traditional Economies

Quiz
•
Social Studies
•
6th Grade
•
Hard
John Robinson
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In a traditional economic system people usually exchange goods or services rather than use money. Which of the following is an example of this exchange process?
charging goods on a credit card
bartering with a seller
paying for services by check
using currency to pay
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Economic system based on custom, traditions and the past
Command
Market
Traditional
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Economy based on what their parents have always done and what their parents have always done etc etc
command
market
traditional
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
trading without using money is called?
House
Bartering
handoff
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the three basic economic systems:
Command, Traditional, Market
Autocracy, Democracy, Holland
UK, Euro, Dollar
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
All economic decisions are based on customs and habits from the past.
Command Economy
Market Economy
Traditional Economy
Mixed Economy
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In a traditional economy, what is the primary method of resource allocation?
Market forces
Government planning
Customs and traditions
Random selection
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