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Economic Systems and Activities

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

This economic system is based on individual freedom.

a)

Traditional

b)

Command (Communism)

c)

Free Market

2.

This economic system is controlled by the government.

a)

Traditional

b)

Command (Communism)

c)

Free Market

3.

Today, most economies are:

a)

Free Market

b)

Traditional

c)

Mixed

d)

Command (Communism)

4.
Joe owns a shoe store.  At the end of the month Joe decides what to do with his profits.
a)
Command
b)
Free Market
c)
Traditional
5.
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
6.
Nike and Under Armour sell similar products.  This leads to a decrease in price and an increase in quality.
a)
Free Market
b)
Command
c)
Traditional
7.
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
8.
Sally works in a private company that has to follow government rules for public safety.
a)
Free Market
b)
Command
c)
Mixed
d)
Traditional
9.
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
10.

Which level of development is a country where most people work at the subsistence level?

a)

More Developed

b)

Newly Industrialized

c)

Less Developed

11.

Countries where many people work in research and development are in this level of economic development.

a)

More Developed

b)

Newly Industrialized

c)

Less Developed

12.

Country where there are factories that make products mainly for export are in which level of economic development.

a)

More Developed

b)

Newly Industrialized

c)

Less Developed

13.
Which type of economic activity extracts or harvests raw materials?
a)
Primary
b)
Secondary
c)
Tertiary
d)
Quaternary
14.
Which type of economic activity processes and distributes information?
a)
Primary
b)
Secondary
c)
Tertiary
d)
Quaternary
15.
Which type of economic activity uses raw materials to produce something new?
a)
Primary
b)
Secondary
c)
Tertiary
d)
Quaternary
16.
Choose the correct examples of a primary activity.
a)
truck driver, doctor, store clerk, restaurant
b)
manufacturing and construction
c)
mining, agriculture, fishing
d)
research and data processing
17.
Choose the correct examples of a secondary activity.
a)
truck driver, doctor, store clerk, restaurant
b)
manufacturing and construction
c)
mining, agriculture, fishing
d)
research and data processing
18.
Choose the correct examples of a tertiary activity.
a)
truck driver, doctor, store clerk, restaurant
b)
manufacturing and construction
c)
mining, agriculture, fishing
d)
research and data processing
19.
Choose the correct examples of a quaternary activity.
a)
truck driver, doctor, store clerk, restaurant
b)
manufacturing and construction
c)
mining, agriculture, fishing
d)
research and data processing
20.

Which of the following is not a fundamental economic question?

a)

What should be produced?

b)

How should it be produced?

c)

How should the products be distributed?

d)

Who should get it?

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