Economic System
9th - 12th Grade
•20 Qs
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Economic System
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Medium
Mrigaya Singh
Used 2+ times
FREE Resource
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20 questions
Show all answers
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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