
Economic Systems Quiz
Quiz
•
Other
•
6th Grade
•
Hard
Bridget B
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a mixed economy?
A mixed economy is an economic system that combines elements of both communism and capitalism.
A mixed economy is an economic system that combines elements of both feudalism and socialism.
A mixed economy is an economic system that combines elements of both capitalism and socialism.
A mixed economy is an economic system that combines elements of both monarchy and socialism.
2.
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main characteristic of a command economy?
Private ownership
Individual control
Government control
Free market
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system relies on customs, traditions, and cultural beliefs to make economic decisions?
traditional economy
mixed economy
market economy
command economy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a mixed economy, who owns the means of production?
Workers and labor unions
Both private sector and government
Only government
Only private sector
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of the government in a market economy?
The role of the government is to only provide public goods and services, and not regulate markets or enforce property rights.
The role of the government is to control all aspects of the economy and make all economic decisions.
The role of the government is to provide a legal framework, enforce property rights, regulate markets, and provide public goods and services.
The role of the government is to completely stay out of the economy and let the market operate freely without any intervention.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is also known as a planned economy?
Free market economy
Command economy
Capitalist economy
Mixed economy
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