Economic Systems

Economic Systems

6th - 8th Grade

15 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

Geography, Social Studies

6th - 8th Grade

Practice Problem

Medium

Created by

Sydni Gordon

Used 104+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of economy where products, prices, and services are determined by the people, not the government is called the ________ system.

Traditional

Command

Market

Mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Things you would like to have, but are not required to survive are called ____.

Services

Wants

Needs

Goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the study of the way we use goods and money?

Geography

History

Economics

Culture

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who buys or pays for a good or service

Producer

User

Consumer

Marker

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy does the United States have?

Deomocratic

Traditional

True Capitalist

Mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what type of economic system does the government make ALL decisions regarding the production of goods, who produces them, and who will consume them?

Command Economy

Mixed Economy

Traditional Economy

Capitalist Economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

North Korea's 4 wireless companies are owned by the North Koran government. This is an example of the _____ economic system.

Mixed

Command

Traditional

Market

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