WorksheetsEconomic Systems Quiz
Total questions: 20
Worksheet time: 10mins
Which question is one of the three fundamental economic questions every country must answer?
How will goods and services be produced?
Which leader will set tax rates?
When will schools open for classes?
What climate will the farms experience?
A community wants to preserve customs but also increase access to new tools. Which plan best fits a traditional economy while solving the need?
Privatize firms and float share prices
Create a national bank and set interest
Use inherited methods and barter for tools
Impose quotas through central authority
Which statement best describes a command economy?
Markets set prices through supply and demand
Private citizens make all production decisions
Businesses freely choose wages and output
The government makes all economic decisions
Which statement best describes a market economy?
International organizations plan national industries
Prices guide decisions as buyers and sellers interact
Religious leaders control trade and labor rules
Government sets prices and production targets
Use the map of the 2016 Index of Economic Freedom. Which color range indicates countries classified as "Free" economies?
Orange range 60–69.9
Light red range 50–59.9
Dark green range 80–100
Maroon range 0–49.9
Which action best shows Saudi Arabia encouraging private sector growth to diversify its economy?
Raising taxes on small private firms
Ordering price controls on all goods
Selling public shares of the petroleum company
Restricting tourism-led private investment
Which statement best describes how Saudi Arabia answers the three economic questions about production and distribution.
Local tribes make decisions with minimal national oversight
Government fully controls all industries and sets all outputs
Foreign companies alone decide production and distribution
Individuals and corporations decide, with many oil restrictions
Which infrastructure project fits Mustafa Kemal’s investments?
Luxury hotels for tourists
Dams, electricity, ports, and railroads
Sports stadiums for national teams
Private shopping centers in cities
Which sectors show growth of private enterprise in Turkey today?
Forestry, fishing, mining, aviation
Electronics, textiles, automotive, petrochemicals
Tourism, cinema, sports, publishing
Banking, real estate, education, healthcare
What economic transition occurred in Turkey beginning in the 1980s?
Shift from traditional toward market
Shift from market toward traditional
Shift from command toward mixed
Shift from mixed to command only
How does supply and demand relate to pricing in modern Turkey?
Government fixes all prices nationwide
Prices are set by private firms responding to demand
Prices are negotiated by village councils
Prices are determined only by foreign banks
Which items are specifically mentioned as having government price controls in Turkey?
Gasoline and luxury clothing
Electricity and some food items
Automobiles and smartphones
Books and movie tickets
Why has Turkey sought membership in the European Union for years?
Its trade is mostly with Western Europe
It needs military bases from EU nations
It plans to leave Asia entirely
It wants to adopt the EU’s official language
A telecommunications firm in Turkey plans expansion. What should it expect from the state?
Some regulations in communications
No rules at all for networks
Complete prohibition on private telecom
Foreign control by Western Europe
Which sector is NOT highlighted as an area of government involvement in Turkey?
Fashion advertising and modeling
Industry production and banking
Transportation systems and communication
Regulated utilities like electricity
If most trade partners are in Western Europe, which strategic goal aligns with economic integration?
Banning exports to Europe
Focusing solely on Asian markets
Leaving all trade agreements
Joining the European Union
Which ocean is directly to the east of Asia on this map, helping you orient Turkey’s location?
Southern Ocean
Pacific Ocean
Atlantic Ocean
Indian Ocean
Which direction from the red circle would you travel to reach the Caspian Sea?
Far northwest from Turkey
Northeast from Turkey
South from Turkey
West from Turkey
Which description matches Turkey’s role in the Middle East as shown?
Desert interior without coasts
Land bridge between continents
Polar region with ice coverage
Peripheral island far from routes
Why might Turkey be significant for regional diplomacy, based on its position?
It has no access to seas or neighboring regions
It separates Europe and Asia by vast ocean distances
It is isolated from neighboring countries by ice sheets
It connects multiple regions and cultures at a crossroads
