1.3 Economic Systems
Quiz
•
Social Studies
•
12th Grade
•
Easy
Leonel Roman Avalos
Used 3+ times
FREE Resource
Enhance your content
28 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the four types of economic systems?
Capitalism, Socialism, Mixed Economy, Traditional Economy
Capitalism, Communism, Feudalism, Mercantilism
Socialism, Communism, Feudalism, Traditional Economy
Capitalism, Mercantilism, Mixed Economy, Traditional Economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is one of the three economic questions every society must answer?
How much money should be printed?
What goods and services should be produced?
Who should pay taxes?
How should laws be enforced?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the second economic question that societies need to address?
How should these goods and services be produced?
When should goods be sold?
Where should factories be located?
Why should services be offered?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is considered in the third economic question regarding consumption?
Who produces these goods and services?
Who consumes these goods and services?
Who regulates these goods and services?
Who exports these goods and services?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the goal of economic efficiency?
Making the most of resources
Fair distribution of wealth
Freedom from government intervention
Innovation leads to economic growth
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic goal focuses on freedom from government intervention in the production and distribution of goods and services?
Economic equity
Economic freedom
Economic security and predictability
Economic growth and innovation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does economic security and predictability ensure?
Innovation leads to economic growth
Fair distribution of wealth
Goods and services will be available, payments will be made on time, and a safety net will protect individuals in times of economic disaster
Making the most of resources
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
24 questions
Econ Test 1 Study Guide
Quiz
•
12th Grade
25 questions
Russia Economy
Quiz
•
6th Grade - University
25 questions
Macro Economics Vocabulary
Quiz
•
12th Grade - University
27 questions
Economy Types Quiz
Quiz
•
12th Grade
23 questions
Unit 1 Test Review Economics
Quiz
•
12th Grade
25 questions
Unit 1.4 | European Economy Review
Quiz
•
6th Grade - University
24 questions
Circular Flow Model Review
Quiz
•
12th Grade
26 questions
GDP
Quiz
•
10th - 12th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade
Discover more resources for Social Studies
1 questions
PLT Question for 09/21/25
Quiz
•
9th - 12th Grade
1 questions
PLT CFA 9/30/2025
Quiz
•
9th - 12th Grade
36 questions
Unit 5 Key Terms
Quiz
•
11th Grade - University
38 questions
Unit 6 Key Terms
Quiz
•
11th Grade - University
1 questions
PLT CFA 10/2/25
Quiz
•
9th - 12th Grade
28 questions
Unit 3: CFA 4 (Standard 7)
Quiz
•
12th Grade
19 questions
Unit #2.2 & 2.3 Economics Review
Quiz
•
12th Grade
1 questions
Ch 5 CFA-Map
Quiz
•
9th - 12th Grade