Economic Systems Quiz

How are economies in Europe rated?

• On a scale of 1 to 10

• It is based on the United States economy

• On a scale based on other countries and a scale of 1-10

• On a scale based on 1-100 in between command and market economies

What is the best description of an economy close to zero on the scale?

• Free Market

• Socialism

• Command

• Democracy

What is the best description of an economy close to 100 on the scale?

• Market

• Free Market

• Command

• Socialism

What is the best description of the economy in the United Kingdom?

• Mixed economy that is market-leaning

• Freedom

• Command

• Mixed

What is Brexit?

• A type of economy

• A type of currency

• Control from Russia

• The withdraw from the European Union

Which country has the largest, most developed economy in Europe?

• France

• Italy

• Russia

• Germany

Which country has provided economic help to countries in the European Union?

• United Kingdom

• Italy

• Russia

• Germany

Which economy has a high level of government control?

• Poland

• United Kingdom

• Germany

• Russia

What is the average annual income of citizens within a country?

• Market economy

• Brexit

• GDP per capita

• Command economy

What is subsidization in the context of the economy?

• An economy controlled by supply and demand

• A vote by the people for the United Kingdom to eventually withdraw from the European Union

• An economy controlled by the government

• Money from the government to help a business in lowering cost of a product