Economic systems
Authored by Sara Schroeder
Social Studies
9th - 11th Grade
Used 22+ times
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic system based on private ownership of industries and businesses
Free market economy
Mixed Economy
Command Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the ideal society envisioned by the Karl Marx where everything is shared equally
Capitalism
Communism
Socialism
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The role of the government is to not restrict/control the economy
Free market economy
Mixed Economy
Command Economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
prices and how much to produce is set by the law of supply and demand
Free market economy
Mixed Economy
Command Economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
there is no private ownership - they have no influence over economic decisions
Free market economy
Mixed Economy
Command Economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government makes all economic decisions about investment, prices, wages, and production levels.
Free market economy
Mixed Economy
Command Economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All industries/ businesses are owned by the government
Free market economy
Mixed Economy
Command Economy
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