Economic Systems

Economic Systems

9th - 12th Grade

21 Qs

quiz-placeholder

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Economic Systems

Economic Systems

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Art Rivera

Used 1+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four types of economic systems mentioned in the image?

A) Traditional, Command, Free Market, Mixed Market

B) Traditional, Command, Socialist, Capitalist

C) Traditional, Free Market, Socialist, Communist

D) Command, Free Market, Socialist, Communist

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Fill in the blank: The factors of Production are necessary to production, but how should they be ______?

3.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Fill in the blank: The method each society chooses has a lot to do with that society’s ______.

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Fill in the blank: The economic systems are Traditional, Command, Free Market, and ______.

5.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Fill in the blank: The goal of 'Freedom' in economic systems is to achieve ______ from government intervention in production, jobs, and business.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'Security and Predictability' ensure in economic systems?

Innovation and growth

Fair distribution of wealth

Goods and services assured and safety net in case of economic disaster

Making the most of resources.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are 'Factor Payments'?

Government programs that protect people

Income people get for providing the factors of production

Love of country

Level of economic prosperity.

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