Types of Economic Systems

Types of Economic Systems

7th - 8th Grade

54 Qs

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Types of Economic Systems

Types of Economic Systems

Assessment

Quiz

Geography, Social Studies

7th - 8th Grade

Practice Problem

Medium

Created by

Bob Rice

Used 18+ times

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54 questions

Show all answers

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 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

4.

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

5.

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Traditional

Command

Market

Mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In my country, the government makes all the economic decisions.

Traditional

Command

Market

Mixed

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