
Economic Systems: Analyzing Trade, Supply, and Market Dynamics
Interactive Video
•
Business, Social Studies, Economics
•
9th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an economic system primarily concerned with?
The technological advancements in a country
The cultural practices of a community
The allocation of resources and distribution of goods and services
The political structure of a nation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In ancient economic systems, what was a common method of trade before money existed?
Cryptocurrency
Stock market exchanges
Barter system
Digital transactions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a factor on the supply side of an economic system?
Labor
Land
Capital
Technology
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a market economy, how are prices determined?
By government regulations
By international treaties
By consumer surveys
By market forces
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What characterizes a planned economy?
Prices determined by consumer demand
Complete absence of government intervention
Decisions made by a central authority
Decentralized decision-making
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of economy combines elements of both market and planned economies?
Traditional economy
Mixed economy
Command economy
Subsistence economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During the 2007-2008 global financial crisis, what action did governments of market economies take?
They allowed banks to fail without intervention
They intervened to bail out collapsing banks
They increased taxes on all citizens
They reduced interest rates to zero
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the reality of most countries that claim to have a market economy?
They operate as pure market economies
They have a mixed economy with some government intervention
They have no economic system in place
They rely solely on barter systems
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