What is the main economic activity in a traditional economy?

(ESL) Unit 5: Economic Systems Test Corrections

Quiz
•
Social Studies
•
9th Grade
•
Hard
Silviano Rivera
Used 7+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Farming
Manufacturing
Trading
Investing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system is characterized by the government owning and controlling the factors of production?
Subsistence Agriculture
Command Economy
Free Market Economy
Cottage Industry
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which economic system do people own and control the factors of production?
Socialism
Commercial Agriculture
Capitalism
Traditional Economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the quantity and availability of something?
Supply
Demand
Scarcity
Profits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who determines the economic factors in a command economy?
The Government
The Consumers
The Producers
The Market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for having a limited supply of something?
Supply
Demand
Scarcity
Profits
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the people who buy products?
Producers
Consumers
Suppliers
Distributors
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