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Types of Economic Systems

Authored by Quenton Howard

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8th Grade

Used 175+ times

Types of Economic Systems
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15 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

In my country, business is based on competition. Success comes from doing something better and cheaper than your competitors.

Traditional

Command

Market

Mixed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country, central planners decide when we should expand old factories and build new ones.

Traditional

Command

Market

Mixed

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

In my country, I know that all my needs will be met, but not my wants.

Traditional

Command

Market

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country my job is the same one that my family has done over the past 200 years.

Traditional

Command

Market

Mixed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country, the government controls the economy. It assigns jobs, sets production goals, and decides wages.

Traditional

Command

Market

Mixed

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

In my country producers decide what and how much to make based on what people want to buy.

Traidtional

Command

Market

Mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country, the government has some involvement in the economy.

Traditional

Command

Market

Mixed

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