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Economic Systems and Sectors Quiz

Authored by Darrin L Session

Social Studies

9th - 12th Grade

Used 4+ times

Economic Systems and Sectors Quiz
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which type of economic system are decisions based on customs and traditions?

Free Market

Mixed

Traditional

Command

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system gives the government full control over resources and production?

Traditional

Command

Free Market

Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A free market economy is mostly controlled by:

Government

Consumers and businesses

Religious leaders

Tradition

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mixed economy includes elements of:

Only free market systems

Only command systems

Both free market and command systems

None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a command economy, prices are decided by:

Supply and demand

Consumers

Government planners

Private businesses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary sector focuses mainly on:

Services

Information and technology

Extracting natural resources

Manufacturing goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A factory worker turning cotton into clothing belongs to the:

Primary sector

Secondary sector

Tertiary sector

Quaternary sector

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