Economic Systems
Authored by Karen Lewis
Social Studies
6th - 8th Grade
Used 1+ times
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16 questions
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1.
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?
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the three economic systems?
Market
Traditional
Command
Democratic
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system allows for the most individual freedom?
Mixed
Market
Command
Traditional
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which economic system does the government have the most control?
Traditional
Command
Mixed
Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which economic system do individuals do things based on customs & beliefs?
Command
Market
Mixed
Traditional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the economic system of most communist countries?
Command
Traditional
Market
Mixed
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do traditional economies exchange goods?
bartering
sets the prices of goods
determines the wages of workers
plans what will be made
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