Economic System

Economic System

8th - 12th Grade

35 Qs

quiz-placeholder

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Economic System

Economic System

Assessment

Quiz

Business

8th - 12th Grade

Practice Problem

Medium

Created by

Karla Foit

Used 42+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the driving force in the US economy?

Government

Banks

Entrepreneurship

Freedom choice

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which economic system is typically centered on the family or clan?

Traditional

Command

Market

Mixed

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A country has a reputation of poor quality products. Which economic system is the country most likely operating under?

Traditional

Command

Market

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the time it takes a company to make its product increased from the previous year, then the company's productivity is:

Increasing

Decreasing

Not changing

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An increase in a country's productivity generally indicates a(n) ______________ in the country's standard of living.

increase

decrease

no change

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the most widely used economic system in the world?

Traditional

Command

Market

Mixed

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An economic system must answer how many basic economic questions?

two

three

four

five

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