People meet their basic needs much as their ancestors did.
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Economic Systems in Geography
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Economic Systems
Quiz
•
Geography, Social Studies
•
9th Grade
•
Medium
Jeffrey Keefe
Used 23+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Socialist (Mixed) Economy
Free Enterprise (Capitalist/Free Market) Economy
Communist (Command) Economy
Traditional Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People freely produce and buy what they want.
Socialist (Mixed) Economy
Free Enterprise (Capitalist/Free Market) Economy
Communist (Command) Economy
Traditional Economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government owns some (but not all) basic industries.
Socialist (Mixed) Economy
Free Enterprise (Free Market/Capitalist) Economy
Communist (Command) Economy
Traditional Economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government sets all economic goals to be met.
Socialist (Mixed) Economy
Free Enterprise (Free Market/Capitalist) Economy
Communist (Command) Economy
Traditional Economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic decisions are made on the basis of customs and beliefs handed down from one generation to another.
Socialist (Mixed) Economy
Free Enterprise (Free Market/Capitalist) Economy
Communist (Command) Economy
Traditional Economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. What should be produced?
2. How should it be produced?
3. Who gets what is produced?
In this economic system, the three fundamental economic questions above are answered by the interplay between consumers and producers.
Socialist (Mixed) Economy
Free Enterprise (Free Market/Capitalist) Economy
Communist (Command) Economy
Traditional Economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Private ownership of smaller businesses is allowed.
Socialist (Mixed) Economy
Free Enterprise (Free Market/Capitalist) Economy
Communist (Command) Economy
Traditional Economy
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