Economic System

Economic System

9th - 12th Grade

20 Qs

quiz-placeholder

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Economic System

Economic System

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Mrigaya Singh

Used 2+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basic economic problem?

Over Production

Demand

Supply

Scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is not the basic economic question?

How to produce?

What to produce?

Where to produce?

For whom to produce?

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is not followed by countries now a days?

Traditional

Command

Market

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is known as Free Enterprise?

Traditional

Market

Mixed

Command

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is followed by Cuba?

Traditional

Command

Market

Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The economic system followed by USA is known as...................

Capitalism

Mixed

Market

None

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system follows barter system?

Command

Mixed

Market

Traditional

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