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Economic Systems Quiz

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

The former Soviet Union was an example of what kind of economic system?

a)

Command

b)

Market

c)

Mixed

d)

Traditional

2.

Which economic system allows for the most individual freedom?

a)

Command

b)

Market

c)

Traditional

d)

Mixed

3.

In which economic system does the government have the most control?

a)

Market

b)

Mixed

c)

Command

d)

Traditional

4.

In which economic system do individuals do things based on customs & beliefs?

a)

Command

b)

Market

c)

Mixed

d)

Traditional

5.

What is the economic system of most communist countries?

a)

Traditional

b)

Command

c)

Market

d)

Mixed

6.

How do traditional economies exchange goods?

a)

using currency

b)

writing a check

c)

bartering

7.

Which country is closest to a true Market economy?

a)

U.S.

b)

Germany

c)

Australia

d)

Austria

8.

Most democratic countries have which type of economic system?

a)

Market

b)

Command

c)

Traditional

d)

Mixed

9.

What are the three basic questions that every economic system must answer?

4 lines
10.

What are the three economic systems?

4 lines