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WorksheetsEconomic Systems
Total questions: 10
Worksheet time: 5mins
What are the three basic questions that every economic system must answer?
Where the resources are, who prints the money, and where the market is
What's produced, how to ship it, & who consumes it
Why goods are produced, where to sell them & what the cost is
What's produced, how it's produced & who consumes it
What are the three economic systems?
parliamentary, democratic, and socratic
Traditional, Command, Market
Communist, capitalist, and socialist
Bartering, Entrepreneur, Mixed
The former Soviet Union was an example of what kind of economic system?
Traditional
Market
Command
Mixed
Which economic system allows for the most individual freedom?
Traditional
Command
Market
Mixed
In which economic system does the government have the most control?
Traditional
Command
Market
Mixed
In which economic system do individuals do things based on customs & beliefs?
Traditional
Command
Market
Mixed
What is the economic system of most communist countries?
Traditional
Command
Market
Mixed
How do traditional economies exchange goods?
Amazon Prime
Open Air Markets
The Mall
Bartering
Which country is closest to a true market economy?
United States
England
Australia
Nigeria
Most democratic countries have which type of economic system?
Traditional
Command
Market
Mixed
