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WorksheetsEconomic Systems Types
Total questions: 20
Worksheet time: 18mins
Name
Class
Date
1.
In a command economy, who holds power over the economy?
a)
The people
b)
The government
c)
Beyonce
d)
The traditions of your ancesetors
2.
If the government makes me produce 70 T-Shirts, what economic system is this?
a)
Mixed
b)
Traditional
c)
Command
d)
Market
3.
In a market economy, if your mom dad are both teachers, do you have to be a teacher?
a)
NO
b)
Yes
c)
Maybe
4.
If I produce meat but, the government has to check to make sure I can put this product on the market, what economic system is this?
a)
Mixed
b)
Traditional
c)
Market
d)
Command
5.
The four types of economic systems are:
a)
Traditional, Command, Mixed, & Market
b)
Traditional, Command, Combined, & Market
c)
Communism, Capitalism, Free Market, and Macroeconomics
d)
Microeconomics, Macroeconomics, Individual, and Traditional.
6.
Which economy is dictated by supply and demand and the buyers and sellers?
a)
Market
b)
Socilaism
c)
Mixed
d)
Command
7.
Which of the following is an economic system in which economic decisions are made according to social roles & culture?
a)
Market economy
b)
Command economy
c)
Traditional economy
d)
Mixed economy
8.
The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?
a)
Traditional
b)
Market
c)
Command
d)
Centrally Planned
9.
If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy.
a)
Traditional
b)
Market
c)
Command
d)
Mixed
10.
Which economic system is controlled by the PEOPLE?
a)
Command
b)
Market
11.
Which economic system is controlled by the GOVERNMENT?
a)
Command
b)
Market
12.
In which economic system could an individual make their own economic choices?
a)
Command
b)
Market
13.
The USA uses a...
a)
Command economy
b)
Market economy
14.
In this economic system, individual people and companies choose what will be produced, how it will be produced, and who it will be produced for.
a)
Market
b)
Command
15.
In my country we have no need for money. By custom, some of us hunt, others farm, and we are all taken care of.
a)
Traditional
b)
Command
c)
Market
d)
Mixed
16.
Mary Ann runs a car dealership selling only government produced cars. At the end of the month Mary Ann must give all of the money she made back to the government.
a)
Traditional
b)
Free Market
c)
Mixed
d)
Command
17.
I am a farmer in Africa, and have always traded for my goods. I have a _____ economy.
a)
Traditional
b)
Command
c)
Market
d)
Mixed
18.
Katia is an accountant in a government run business where she was placed after graduation.
a)
Command
b)
Traditional
c)
Free Market
d)
Mixed
19.
Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.
a)
Free Market
b)
Traditional
c)
Mixed
d)
Command
20.
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
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