Types of Economic Systems

Types of Economic Systems

6th - 8th Grade

15 Qs

quiz-placeholder

Similar activities

COLONISTS SPEAK OUT

COLONISTS SPEAK OUT

8th Grade

14 Qs

Economics

Economics

5th - 7th Grade

15 Qs

17 Days of SDGs Quiz - Day 11 (English)

17 Days of SDGs Quiz - Day 11 (English)

3rd Grade - Professional Development

15 Qs

The Inca

The Inca

6th Grade

13 Qs

Governments in the Caribbean Islands

Governments in the Caribbean Islands

6th Grade

14 Qs

The Maya (Lesson 26)

The Maya (Lesson 26)

7th Grade

20 Qs

Types of Economic Systems

Types of Economic Systems

Assessment

Quiz

Social Studies

6th - 8th Grade

Practice Problem

Medium

Created by

Elizabeth Wheeler

Used 14+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system based on customs, traditions, and beliefs.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system where the government makes all economic decisions.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system where decisions are made by individuals and businesses based on supply and demand.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system that combines elements of both command and market economies.

Traditional Economy

Command Economy

Market Economy

Mixed Economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who organizes, manages, and takes on the risks of a business.

Tarriff

Entrepreneur

Trade Barriers

Quota

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Restrictions on the import or export of goods, such as tariffs, quotas, and embargoes.

Tarriff

Entrepreneur

Trade Barriers

Quota

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A tax imposed on imported goods.

Tarriff

Embargo

Trade Barriers

Quota

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?