
Unit 8 LP 3 Economic Systems
Authored by Patricia Williams
Social Studies
6th Grade
Used 66+ times

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement about the economies of Canada and Cuba is correct?
Both countries have pure market economies.
Both countries have pure command economies.
Canada's economy has more market elements than Cuba's economy.
Canada's economy has more command elements than Cuba's economy.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Canada answer the three basic economic questions?
by combining command and market economic principles
by strictly following the principles of command economics
by combining traditional and market economic principles
by strictly following the principles of traditional economics
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement would MOST LIKELY be true in market economy?
Most people enter the same field of employment as their ancestors.
Economic production decisions are made by a small council of experts.
The government provides employment and necessary resources for its people.
Business owners decide what goods to produce and at what price to sell them.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the government do in a command economy?
It promotes economic freedom.
It makes major economic decisions.
It encourages entrepreneurship.
It helps the private sector grow.
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are the THREE basic economic questions all economic systems must answer?
What goods and services will be produced?
How will goods and services be produced?
For whom will goods and services be produced?
For how long will goods and services be produced?
Why will goods and services be produced?
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