WorksheetsEconomic Systems
Total questions: 10
Worksheet time: 15mins
Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?
Market economy
Command economy
Traditional economy
Mixed economy
What type of economy do most countries in the world have?
Market economy
Command economy
Traditional economy
Mixed economy
The government has little to no role in the production of goods in this type of economy.
Traditional
Mixed
Command
Market
The government gets to decide who gets what
Traditional
Command
Mixed
Market
In a command economy, who holds power over the economy?
The people
The government
Beyonce
The traditions of your ancesetors
Businesses have freedom to produce whatever they think consumers will buy
Market
Command
Mixed
Traditional
Both supply and demand and the government influence how resources are used to make goods and services.
Market Economy
Traditional Economy
Command Economy
Mixed Economy
Which economic system is both market and command combined and most democratic countries fall into this category?
Traditional
Command
Market
Mixed
