Economic Systems Quiz

Economic Systems Quiz

11th Grade

10 Qs

quiz-placeholder

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Economic Systems Quiz

Economic Systems Quiz

Assessment

Quiz

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11th Grade

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Created by

DAYLA M OWNBY

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key question every economic system must answer?

How to increase exports?

What to produce?

How to reduce taxes?

What is the role of technology?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a traditional economy, what is more important than money?

Technology

Customs, traditions, and beliefs

Government policies

International trade

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of activities are common in a traditional economy?

Manufacturing and industrial production

Farming, hunting, fishing, or gathering

Digital marketing and e-commerce

Financial services and banking

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major strength of a traditional economy?

Rapid technological advancement

High levels of innovation

Stability and sustainability

Strong international trade relations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant weakness of a traditional economy?

Limited innovation and growth

High levels of unemployment

Excessive government control

Over-reliance on technology

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command economy, who makes all the economic decisions?

Private businesses

Individual consumers

The government

International organizations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a mixed economy, what is combined?

Private and public enterprise

Command and traditional systems

Market and traditional systems

Only private enterprise

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