Types of economies

Types of economies

8th Grade

12 Qs

quiz-placeholder

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Types of economies

Types of economies

Assessment

Quiz

History

8th Grade

Medium

Created by

Maureen Ogando

Used 28+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The key factor in determining the type of economy a country has is the extent of

How much they produce

How much is sold

Government involvement

Who will produce

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Each type of economy answers the three basic questions:

the same

differently

With the help of producers

With the help of consumers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Economic decisions are based on custom and historical precedent

Free Market

Mixed

Command

Traditional

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Private ownership of property/resources

Free Market

Mixed

Command

Traditional

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Centrally-planned economy

Free Market

Mixed

Command

Traditional

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals and businesses are owners and decision makers for the private sector.

Free Market

Mixed

Command

Traditional

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Government’s role is greater than in a free market economy and less than in a command economy. 

Free Market

Mixed

Command

Traditional

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