Economic Systems Review

Economic Systems Review

6th - 8th Grade

25 Qs

quiz-placeholder

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Economic Systems Review

Economic Systems Review

Assessment

Quiz

Social Studies

6th - 8th Grade

Medium

Created by

Krista Colvin

Used 4+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is not a type of economic system?

Mixed/Market

Free Market

Command

Business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is the most common?

mixed/market

command

free market

traditional

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The type of economy a country has is based upon

government involvement

resources available

product market

consumer choice

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A country needs an economic system to have a plan in place to use the limited

resources

consumers

products

markets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a traditional economy, economic decisions are made based on

historical precident

supply and demand

price and production

consumer preference

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Historical precedent is best described as

what has been done in the past, by ancestors

what will be done in the future, by members of society

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which best describes a command economy?

The government determines what is bought and sold

the consumers determine what is bought and sold

the tribal community leader determines the roles of members

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