Econ Quiz

Econ Quiz

12th Grade

30 Qs

quiz-placeholder

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Econ Quiz

Econ Quiz

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Hector Elizalde

Used 5+ times

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30 questions

Show all answers

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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