WorksheetsEconomic Systems
Total questions: 16
Worksheet time: 12mins
Name
Class
Date
1.
Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.
a)
Free Market
b)
Traditional
c)
Mixed
d)
Command
2.
Katia is an accountant in a government run business where she was placed after graduation.
a)
Command
b)
Traditional
c)
Free Market
d)
Mixed
3.
Ted is working towards his dream of becoming a lawyer by working at a law firm as a legal clerk.
a)
Free Market
b)
Traditional
c)
Command
4.
Sarah would like to become a doctor when she grows up. Unfortunately, she lives in a country where her job will be decided for her by the government.
a)
Traditional
b)
Free Market
c)
Mixed
d)
Command
5.
Sally works in a private company that has to follow government rules for public safety.
a)
Free Market
b)
Command
c)
Mixed
d)
Traditional
6.
Who or what answers the basic economic questions in a mixed economy?
a)
Individuals and Businesses
b)
Government
c)
Custom
d)
Individuals, Businesses, and Government
7.
Who or what answers the basic economic questions in a traditional economy?
a)
Individuals and Businesses
b)
Government
c)
Custom
d)
Individuals, Businesses, and Government
8.
What type of economy do most countries in the world have?
a)
Market economy
b)
Command economy
c)
Traditional economy
d)
Mixed economy
9.
Which of the following is NOT one of the three basic questions of economics when looking at economic systems?
a)
What goods and services will be produced?
b)
What is the price of the goods?
c)
Who is responsible for producing goods and services?
d)
How will goods and services be distributed to customers?
10.
Of the three major economic questions, which of the following is the best example of a "What?" question?
a)
Should automobiles be produced using workers or robots?
b)
Should higher-income or lower-income people buy SUVs?
c)
Should we make faster microprocessors or pest-resistant corn?
d)
Should migrant workers or domestic workers be used to pick grapes?
11.
When Fresh Express Salads decides to mechanically pick all of its lettuce, it directly answers the ___ question.
a)
what
b)
how
c)
for whom
d)
where
12.
When the federal government decides to pay senators more than it pays soldiers, it answers the ____ question.
a)
why
b)
how
c)
for whom
d)
what
13.
In my Native American tribe, we use the skin of the buffalo for teepees, the fur for blankets, the meat for food, and the bones for tools.
a)
Freedom
b)
Efficiency
c)
Growth
d)
Security
14.
My mom had to have surgery. Luckily she won’t have to pay the medical bills since she went to the government-run hospital. They even gave her the prescriptions at no cost.
a)
equity
b)
security
c)
freedom
d)
efficiency
15.
I’ve been at my job now for 10 years. I work really hard, and always do what I am told. They just hired a new guy and his desk is right next to mine. He is late all the time, he is sloppy at putting together the packets we make, and he makes the same about of money as me. It makes me so mad.
a)
efficiency
b)
equity
c)
growth
d)
freedom
16.
I decided to attend a specialty high school that offered experience in fixing cars so I could be an auto mechanic when I get older. I’ve wanted to be one since I was a little kid.
a)
security
b)
equity
c)
stability
d)
freedom
100 %
