Economic Systems

Economic Systems

6th - 8th Grade

12 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

Social Studies

6th - 8th Grade

Practice Problem

Medium

Created by

Austin Thompson

Used 244+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The way a country organizes how it will produce goods to meet the needs of its people

Economic System

Human Rights

Government

Statistics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People rely on hunting, fishing & agriculture to meet their needs


Families pass on their way of life to their children

Traditional

Command

Market

Mixed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals own businesses and freely choose what to buy and sell in free markets with little government interference

Traditional

Market

Command

Mixed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government owns all industries, with total control of production, supply & prices

Traditional

Market

Mixed

Command

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Many, but not all, businesses are owned & controlled by the government

Individuals can own businesses, but the government controls most social services

Mixed

Command

Market

Communist

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People sell their crops in village markets for items they need is an example of...

Market

Command

Traditional

Mixed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buyers and sellers make the financial decisions

Market

Mixed

Command

Traditional

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