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Traditional Economies

Authored by John Robinson

Social Studies

6th Grade

Used 1+ times

Traditional Economies
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15 questions

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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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