A ________________________ economy is one where customs and traditions shape the goods and services produced.
Economics Systems and Market Structures

Quiz
•
Social Studies
•
11th Grade
•
Medium
Karina Huber
Used 1+ times
FREE Resource
26 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Traditional
Market
Command
Mixed
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a ________________________ economy, supply and demand determine the production of goods and services.
Traditional
Market
Command
Mixed
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ________________________ economy is centrally planned and controlled by the government.
Traditional
Market
Command
Mixed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________________________ economies combine elements of both market and command economies.
Traditional
Market
Command
Mixed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system relies on customs, traditions, and beliefs passed down through generations to answer the basic economic questions?
Command economy
Traditional economy
Market economy
Mixed economy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, who makes the major economic decisions?
Individual consumers
The central government
Business owners
Religious leaders
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the primary characteristic of a market economy?
A. Government control of resources
B. Private ownership of resources
Create a free account and access millions of resources
Similar Resources on Wayground
21 questions
Economic Systems

Quiz
•
9th - 12th Grade
24 questions
World Geography: Economics Terms

Quiz
•
9th - 12th Grade
25 questions
Types and Sectors of the Economy Quiz

Quiz
•
9th - 12th Grade
25 questions
Economics Unit 1 Review

Quiz
•
9th - 12th Grade
21 questions
Supply and Demand

Quiz
•
9th - 12th Grade
25 questions
Southern and Eastern Asia Economic Systems

Quiz
•
7th Grade - University
25 questions
Economic Systems in Africa

Quiz
•
7th Grade - University
21 questions
Econ Alive! Chapter 3 Review

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade