
Economy Structures and Ownership in Command and Market Systems

Interactive Video
•
Social Studies, Business, Economics
•
9th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus when structuring an economy?
The size of the population
The number of banks
Ownership and decision-making
The color of currency
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economy, who typically owns the factors of production?
Foreign investors
The government
Non-profit organizations
Private individuals
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are goods typically distributed in a command economy?
Based on market demand
Through barter systems
Through government allocation
By auction
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What drives production decisions in a market economy?
Government mandates
Market demand and competition
Random selection
Cultural traditions
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, how is the price of goods typically determined?
By government decree
Through negotiation
By market forces
By historical precedent
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common criticism of market economies?
Lack of innovation
Excessive government control
Inequality among individuals
Uniformity in products
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a perceived advantage of command economies?
Increased competition
Flexible pricing
High levels of innovation
Greater equality
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