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Economic Systems

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

The way a country organizes how it will produce goods to meet the needs of its people

a)

Economic System

b)

Human Rights

c)

Government

d)

Statistics

2.

People rely on hunting, fishing & agriculture to meet their needs


Families pass on their way of life to their children

a)

Traditional

b)

Command

c)

Market

d)

Mixed

3.

Individuals own businesses and freely choose what to buy and sell in free markets with little government interference

a)

Traditional

b)

Market

c)

Command

d)

Mixed

4.

The government owns all industries, with total control of production, supply & prices

a)

Traditional

b)

Market

c)

Mixed

d)

Command

5.

Many, but not all, businesses are owned & controlled by the government

Individuals can own businesses, but the government controls most social services

a)

Mixed

b)

Command

c)

Market

d)

Communist

6.

People sell their crops in village markets for items they need is an example of...

a)

Market

b)

Command

c)

Traditional

d)

Mixed

7.

Buyers and sellers make the financial decisions

a)

Market

b)

Mixed

c)

Command

d)

Traditional

8.

Supply and demand determines how much an item costs

a)

Market

b)

Command

c)

Mixed

d)

Communist

9.

The food supply is rationed, or divided, so everyone gets the same amount. The government is in charge of this:

a)

Command

b)

Market

c)

Mixed

d)

Traditional

10.

Citizens receive a free college education, but also have freedom to make their own career and business decisions

a)

Mixed

b)

Market

c)

Command

d)

Traditional

11.

Families pass on skills, land, and animals from generation to generation

a)

Command

b)

Market

c)

Mixed

d)

Traditional

12.

The government controls that goods and services are equally distributed to the people

a)

Command

b)

Traditional

c)

Market

d)

Mixed