Characteristics of Economic Systems

Characteristics of Economic Systems

8th Grade

25 Qs

quiz-placeholder

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Characteristics of Economic Systems

Characteristics of Economic Systems

Assessment

Quiz

Business

8th Grade

Medium

Created by

Lorenzo Davis

Used 2+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image
The government has little to no role in the production of goods in this type of economy. 
Traditional 
Mixed
Command 
Market

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

There are four types of economic systems. Most economies are _____.

Traditional

Command

Market

Mixed

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Based on individual choice and voluntary trade

Market

Command

Traditional

Communism

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Encourages competition between businesses

Command

Market

Traditional

Communism

5.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Customs have been passed down through generations

Command

Market

Traditional

Native Americas

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Bartering (Trading) for goods replaces the need for currency (money)

Command

Market

Traditional

Currency

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Businesses are privately owned by the people

Command

Market

Traditional

Autocratic

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