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Grade 8 Economic Systems

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Russia and China have

a)

Transitional economies

b)

Open economies

c)

Capitalist economies

d)

Free market economies

2.

Businessmen are often called..

a)

Capitalism

b)

Communists

c)

Capitalists

d)

Barters

3.

The part of the country that controls money is called the..

a)

Economists

b)

Economist

c)

Economics

d)

Economy

4.

A person who studies economics is an

a)

Economists

b)

Economist

c)

Economics

d)

Economy

5.

Tom and Jane are ...

a)

Economists

b)

Economies

c)

Economist

d)

An economy

6.

Bartering means ..

a)

Paying with a loan

b)

Paying with credit cards

c)

Exchanging using money

d)

Exchanging not using money

7.

The USA ...... free market economy.

a)

hasn't

b)

have

c)

has

d)

has not

8.

China and Russia ..... transitional economies.

a)

having

b)

has

c)

have

d)

had

9.

The USA ..... a capitalist system of economics.

a)

had

b)

has

c)

have

d)

having

10.

Bartering means to ...

a)

Exchange money for goods.

b)

Exchange goods that are of equal value.

c)

Exchange money for money.

d)

Exchange goods for money.