Economic Systems Quiz
Quiz
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Other
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6th Grade
•
Hard

DAWN FLOWERS
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an economic system?
A system that involves the production, distribution, and consumption of goods and services in a society.
A system that only involves the distribution of goods and services in a society.
A system that focuses on the production of goods and services for personal use.
A system that involves the exchange of goods and services in a society.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is based on private ownership and individual decision-making?
socialism
capitalism
communism
feudalism
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is controlled by the government and central planning?
command economy
capitalist economy
market economy
mixed economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system combines elements of both market and command economies?
socialist economy
free market economy
planned economy
mixed economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is based on customs, traditions, and barter?
market economy
command economy
traditional economy
mixed economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, who determines the prices of goods and services?
Supply and demand
Consumers
Producers
Government
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, who determines the prices of goods and services?
government
market forces
producers
consumers
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