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Economic Systems

Total questions: 10

Worksheet time: 15mins

Name
Class
Date
1.
A command economy is when the government is in control.
a)
True
b)
False
2.

Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?

a)

Market economy

b)

Command economy

c)

Traditional economy

d)

Mixed economy

3.

What type of economy do most countries in the world have?

a)

Market economy

b)

Command economy

c)

Traditional economy

d)

Mixed economy

4.

The government has little to no role in the production of goods in this type of economy.

a)

Traditional

b)

Mixed

c)

Command

d)

Market

5.

The government gets to decide who gets what

a)

Traditional

b)

Command

c)

Mixed

d)

Market

6.

In a command economy, who holds power over the economy?

a)

The people

b)

The government

c)

Beyonce

d)

The traditions of your ancesetors

7.

Businesses have freedom to produce whatever they think consumers will buy

a)

Market

b)

Command

c)

Mixed

d)

Traditional

8.

Both supply and demand and the government influence how resources are used to make goods and services.

a)

Market Economy

b)

Traditional Economy

c)

Command Economy

d)

Mixed Economy

9.
Most countries in the world have a ___________________ economy.
a)
Traditional
b)
Command
c)
Mixed
d)
Market
10.

Which economic system is both market and command combined and most democratic countries fall into this category?

a)

Traditional

b)

Command

c)

Market

d)

Mixed