What is an economic system?

Economic Systems Quiz

Passage
•
Other
•
12th Grade
•
Easy
Alan Long
Used 1+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A way society coordinates the production and consumption of goods and services
A method of organizing political parties
A system for managing natural resources
A type of government structure
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many basic types of economic systems have historically existed?
Two
Three
Four
Five
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of the Maasai's tradition in their economy?
It leads to technological innovation
It dictates their economic decisions
It encourages market competition
It promotes government intervention
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the highest goal of people in a traditional economy?
Economic growth
Economic stability and security
Technological innovation
Political power
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary goal of ancient command economies?
To reduce taxes
To accumulate wealth and goods for the ruling class
To promote trade with other nations
To improve agricultural techniques
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did early rulers impose on society?
Educational reforms
Economic choices
Religious practices
Cultural traditions
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did early civilizations use vast quantities of human labor for?
Scientific research
Building projects
Artistic endeavors
Trade negotiations
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