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Revision

Authored by Nicole Hopkins

Business

4th Grade

Used 3+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.

Free Market
Traditional
Mixed
Command

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Katia is an accountant in a government run business where she was placed after graduation.

Command
Traditional
Free Market
Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sally works in a private company that has to follow government rules for public safety.

Free Market
Command
Mixed
Traditional

4.

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Individuals and Businesses
Government
Custom
Individuals, Businesses, and Government

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of economy do most countries in the world have?

Market economy
Command economy
Traditional economy
Mixed economy

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT one of the three basic questions of economics when looking at economic systems? 

What goods and services will be produced?
What is the price of the goods? 
Who is responsible for producing goods and services?
How will goods and services be distributed to customers?

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