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Economic Systems

Authored by Marissa Jadrosich-Forget

Business, Social Studies

9th - 12th Grade

Used 810+ times

Economic Systems
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19 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A command economy is when the government is in control.

True
False

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is an economic system where only the government makes the economic decisions?

traditional economy

free enterprise

mixed economy

command economy

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

Market economy

Command economy

Traditional economy

Mixed economy

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

Traditional

Market

Command

Centrally Planned

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The government has little to no role in the production of goods in this type of economy.

Traditional

Mixed

Command

Market

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The government gets to decide who gets what

Traditional

Command

Mixed

Market

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Based on traditions

Command

Traditional

Market

Mixed

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