Economic Systems

Economic Systems

12th Grade

12 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Gilbert Velasquez

Used 65+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not one of the fundamental economic questions?

What should be produced?

How should it be produced?

What price should it sell for?

Who should it be produced for?

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This economic system is based on individual freedom.

Traditional

Command (Communism)

Free Market

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This economic system is controlled by the government.

Traditional

Command (Communism)

Free Market

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Today, most economies are:

Free Market

Traditional

Mixed

Command (Communism)

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who or what answers the basic economic questions in a mixed economy?

Individuals and Businesses
Government
Custom
Individuals, Businesses, and Government

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which economic system is the protection of private property rights essential?

Command

Traditional

Market

Socialism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Communism can be best summed up as an economic system where

all resources are controlled by the elite and used to maintain their control of the people.

the elimination of private property is established.

the rich support the poor

the harder you work, the more benefits you receive.

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