Economic Systems

Economic Systems

8th Grade

15 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

History, Social Studies

8th Grade

Medium

Created by

Eric Wimer

Used 22+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Karl Marx's book describing command economics.

"The Wealth of Nations"

"The Communist Manifesto"

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which pair of economic systems best completes this diagram?

Mixed - Traditional

Command - Traditional

Mixed - Free Market

Free Market - Command

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

This list describes what type of economic system?

Command

Mixed

Free market

Barter

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who has the most influence in a free market economic system?

Consumers

Producers

Suppliers

Lawyers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which phrase best completes the title of this diagram?

Government Regulation

Industrial Productivity

Business Profit

Consumer Choice

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which type of economy is being defined?

Command

Free market

Mixed

Traditional

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who is the creator of free-market economics?

Adam Smith

Karl Marx

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