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Economic Systems

Social Studies

9th - 10th Grade

Used 20+ times

Economic Systems
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23 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic goal means the ability for individuals/businesses to choose?

Equity

Security

Freedom

Stability

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic goal looks to keep things fair among people?

Economic Growth

Economic Stablity

Economic Security

Economic Equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blanks: A market economy would trade economic __________ for economic _____________

Equity for Efficiency

Security for Equity

Freedom for Efficiency

Growth for Security

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system is based on the traditions of past generations?

Command

Market

Mixed

Traditional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic system allows individuals and businesses to freely answer the three basic economic questions?

Command

Market

Mixed

Traditional

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all three of the questions economic systems try to answer

For whom do we produce?

What is the opportunity cost?

What do we produce?

How do we produce?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who answers the three questions in a command economy?

Individuals

Businesses

Tradition

Government

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