Economic Systems Quiz Prep - GJ

Economic Systems Quiz Prep - GJ

8th Grade

60 Qs

quiz-placeholder

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Economic Systems Quiz Prep - GJ

Economic Systems Quiz Prep - GJ

Assessment

Quiz

Geography

8th Grade

Practice Problem

Hard

Created by

Gary (1319)

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60 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do economic systems determine?

How countries form alliances
How students are graded
How goods and services are made, shared, and used
How laws are enforced

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a type of economic system?

Global
Technological
Feudal
Command

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of a traditional economy?

Driven by profit maximization
Based on cultural beliefs and customs
Focused only on exports
Run by multinational corporations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What form of trade is common in traditional economies?

Online banking
Bartering
Cryptocurrency
Credit cards

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are traditional economies uncommon in modern society?

They are inefficient for modern economic needs
They have excessive government control
They require too much technology
They depend on a digital currency system

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which two countries today still use elements of a traditional economy?

Germany and Japan
Bhutan and Haiti
Canada and USA
Mexico and France

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is subsistence farming?

Growing food for a large-scale market
Growing food for export
Farming on a small scale to feed a family
Farming with only government assistance

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