Economic Systems

Economic Systems

8th Grade

20 Qs

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Economic Systems

Economic Systems

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Medium

Created by

KRISTINA RICHERSON

Used 2+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How society produces goods and services and how they distribute them is....

economic system

free enterprise

mixed economy

free market

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system where people own their own property, businesses, and choose what to produce and sell

capitalism

communism

socialism

command economy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Also know as free market

capitalism

free enterprise

communism

mixed economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses can decide what to produce and sell based on public demand

free enterprise

communism

socialism

capitalism

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system where the government owns all natural resources, industries, and businesses

communism

socialism

capitalism

mixed economy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where the government decides what businesses will produce and sell

command economy

mixed economy

socialism

capitalism

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An economic system in which the government owns the primary means of production

socialism

capitalism

communism

command economy

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