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Economy

Total questions: 12

Worksheet time: 14mins

Name
Class
Date
1.

An example of an economic system is (a)   ? Please capitalize the first letter.

2.

What economic system uses what other economic systems use?

a)

Command

b)

Mixed

c)

Market

d)

Traditional

3.

Which economic system has the government make choices?

a)

Traditional

b)

Market

c)

Mixed

d)

Command

e)

None of them

4.

Which system has the least amount of freedom for the people?

a)

Market

b)

Command

c)

Traditional

d)

Mixed

5.

What system does America use?

a)

Command

b)

Market

c)

Mixed

d)

Traditional

6.

What is bartering?

a)

Trading of goods and services

b)

Trading of goods

c)

Purchasing services

d)

Trading services

7.

Where are traditional economies usually located?

a)

Urban

b)

Suburban

c)

Rural

8.

Who makes decisions in a mixed economic system?

a)

Tradition

b)

People

c)

Government and People

d)

Government

9.

What is scarcity?

a)

The limited supply of something

b)

The increased amount of something

c)

The creation of something

d)

The disappearance of something

10.

What is a problem with market economic systems?

a)

Prices and businesses are not stable

b)

People aren't very trusting in decisions

c)

If people quit, everything collapses

d)

There are no problems

11.

How would you rate this quiz? Pick two answers for an in between.

a)

b)

⭐⭐

c)

⭐⭐⭐

d)

⭐⭐⭐⭐

e)

⭐⭐⭐⭐⭐

12.

What do you think is wrong with this quiz?

4 lines