WorksheetsTypes of Economies Assessment
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
The economy is made up of all of the following EXCEPT:
a)
Production of Goods
b)
Disturbance of Goods
c)
Consumption of Goods
d)
Distribution of Goods
2.
Is mostly made up of private ownership
a)
Traditional
b)
Command
c)
Market
d)
Mixed
3.
Communism is another name for which kind of economy?
a)
Traditional
b)
Command
c)
Market
d)
Mixed
4.
Which type of economy is no longer widely used but may exist in small, under developed tribes?
a)
Traditional
b)
Command
c)
Market
d)
Mixed
5.
Redistribution of income based on doing what is best for the community
a)
Capitalism
b)
Socialism
c)
Communism
d)
None of the above
6.
Promotes competition
a)
Capitalism
b)
Socialism
c)
Communism
d)
None of the above
7.
Production is owned by the government
a)
Traditional
b)
Market
c)
Command
d)
Mixed
8.
Which is an example of socialism?
a)
Equal grades for everyone
b)
Baseball
c)
In-N-Out
d)
Money for everyone born before 2000
9.
The USA is an example of this type of economy
a)
Traditional
b)
Market
c)
Command
d)
Mixed
10.
North Korea and the Soviet Union are examples of this type of economy
a)
Traditional
b)
Market
c)
Command
d)
Mixed
100 %
