Economic Systems
8th Grade
•20 Qs
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Economic Systems
Quiz
•
Social Studies
•
8th Grade
•
Practice Problem
•
Medium
KRISTINA RICHERSON
Used 2+ times
FREE Resource
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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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