Which economic system is characterized by agriculture and barter?
World Economic Systems in About Twenty Minutes

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History, Business, Social Studies
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6th - 12th Grade
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Hard
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Traditional
Market-based
Mixed
Command
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key factor that drives the development of economic systems?
Abundance
Scarcity
Technology
Population
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which region was first to transition from traditional to market-based systems?
Europe
Africa
Asia
Middle East
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What event contributed to the rise of capitalism in Europe?
The Enlightenment
The Commercial Revolution
The Industrial Revolution
The Renaissance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant outcome of the Columbian Exchange?
Increased isolation
Cultural diffusion
Decline in trade
Rise of feudalism
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is considered the philosophical founder of capitalism?
Karl Marx
John Maynard Keynes
Adam Smith
Milton Friedman
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does 'Laissez Faire' mean in the context of economic systems?
Regulated market
Government control
State ownership
Hands-off approach
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