Economic Systems Quiz

Economic Systems Quiz

6th Grade

10 Qs

quiz-placeholder

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Economic Systems Quiz

Economic Systems Quiz

Assessment

Quiz

Other

6th Grade

Hard

Created by

DAWN FLOWERS

Used 2+ times

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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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