Economic Systems Test

Economic Systems Test

6th - 8th Grade

14 Qs

quiz-placeholder

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Economic Systems Test

Economic Systems Test

Assessment

Quiz

Social Studies

6th - 8th Grade

Practice Problem

Easy

Created by

MaryBeth Broxterman

Used 4+ times

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14 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

Which type of economic system is dying out because it has proven less successful? Explain WHY.

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Answer explanation

Think back on your parking lot activity. People were more focused on meeting minimum requirements than by doing a good job.

2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does a Market Economy Answer the 3 basic economic questions that need to be addressed?

Evaluate responses using AI:

OFF

Answer explanation

The name of the system indicates what is in control

3.

OPEN ENDED QUESTION

3 mins • 1 pt

Which type of economic system typically is best for raising a country's standard of living? WHY?

Evaluate responses using AI:

OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does a traditional economy answer the basic economic questions?

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OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the 3 basic questions that all economies must answer?

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OFF

6.

OPEN ENDED QUESTION

3 mins • 1 pt

Which economic system is not found very frequently in our modern world as compared to the other 2? Why?

Evaluate responses using AI:

OFF

7.

MATCH QUESTION

1 min • 1 pt

Media Image

Match the following...

Market

Controlled by historic values and decisions that have stood for generations

Traditional

Controlled solely by the government and what they believe is best

Their horns don't work

Why do cows wear bells?

Command

Controlled by the wants and needs of consumers

Mixed

Controlled by the private and public sectors to prevent failure

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