Economic Systems

Economic Systems

7th Grade - University

27 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

History

7th Grade - University

Practice Problem

Hard

Used 71+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In which economic system does the government have all the power? 

Traditional Economy
Market Economy
Command Economy
Mixed Economy

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This system is associated with the least government involvement.

Traditional Economy
Market Economy
Command Economy
Mixed Economy

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This system is associated with some government-run and some privately-owned businesses.

Traditional Economy
Market Economy
Command Economy
Mixed Economy

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This system is associated with barter trade and earlier times (before money existed).

Traditional Economy
Market Economy
Command Economy
Mixed Economy

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This system is associated with the ideas of Adam Smith and capitalism.

Traditional Economy
Market Economy
Command Economy
Mixed Economy

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This system is associated with the ideas of Karl Marx and communism.

Traditional Economy
Market Economy
Command Economy
Mixed Economy

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The United States is now categorized as this economic system.

Traditional Economy
Market Economy
Command Economy
Mixed Economy

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