
Economic Systems and Resource Allocation in Societies

Interactive Video
•
Social Studies, Business, Economics
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fundamental issue that all societies must address?
How to distribute limited resources fairly
How to eliminate poverty
How to expand territory
How to increase population
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy is based on cultural traditions and community cooperation?
Traditional economy
Command economy
Market economy
Mixed economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a traditional economy, what activities are typically the focus?
Technology development
Financial services
Subsistence farming and hunting
Industrial manufacturing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who makes the economic decisions in a command economy?
The government
International organizations
Private companies
Individual consumers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is a modern example of a command economy?
China
South Korea
North Korea
Japan
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What drives the operations in a market economy?
Government policies
Consumer decisions
Corporate strategies
International trade
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are there no true pure market economies?
Because of government regulations
Due to environmental concerns
Due to lack of consumer interest
Because of technological limitations
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What characterizes a mixed economy?
Focus on agricultural production
A balance of government involvement and free market principles
No government involvement
Complete government control
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is an example of a mixed economy?
North Korea
United States
Saudi Arabia
Cuba
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