Economic Systems and Government Types Quiz

What is a command economy?

• An economic system where the government makes all economic decisions.

• Economic decisions are made by individuals or the open market.

• An economic system based on private property and free enterprise.

• A type of government ruled by a king or queen.

Which economic system is based on private property and free enterprise?

• Command economy

• Market economy

• Capitalism

• Communism

What type of government is ruled by a king or queen?

• Democracy

• Monarchy

• Communism

• Parliament

What was the Cold War?

• A type of economic system

• A government ruled by a king or queen

• A conflict between the USA and the Soviet Union for global dominance

• A lawmaking body of the British government

Which of the following is a benefit of the European Union?

• Increases trade barriers

• Reduces trade barriers like taxes

• Promotes individual economic decisions

• Encourages monarchy

What is democracy?

• An economic system based on private property

• A type of government in which citizens have power and vote for their leaders

• A government ruled by a king or queen

• An economic system where the government makes all decisions

What year was the organization created to promote peace between countries in Europe?

• 1945

• 1950

• 1960

• 1970

What is the Common Market known for?

• High tariffs on goods

• Free movement of people and goods

• Strict border controls

• Different laws in each country

How many countries are members of the EU?

• 15

• 27

• 30

• 35

What are some cons of the EU?

• Economic growth

• Cultural differences

• Increased trade

• Stronger alliances