Economic Systems

Economic Systems

Assessment

Assessment

Deleted User

History

7th Grade - University

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13 questions

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1.

Multiple Choice

1 min

1 pt

In which economic system does the government have all the power? 

Traditional Economy

Market Economy

Command Economy

Mixed Economy

2.

Multiple Choice

1 min

1 pt

This system is associated with the least government involvement.

Traditional Economy

Market Economy

Command Economy

Mixed Economy

3.

Multiple Choice

1 min

1 pt

This system is associated with some government-run and some privately-owned businesses.

Traditional Economy

Market Economy

Command Economy

Mixed Economy

4.

Multiple Choice

1 min

1 pt

This system is associated with barter trade and earlier times (before money existed).

Traditional Economy

Market Economy

Command Economy

Mixed Economy

5.

Multiple Choice

1 min

1 pt

This system is associated with the ideas of Adam Smith and capitalism.

Traditional Economy

Market Economy

Command Economy

Mixed Economy

6.

Multiple Choice

1 min

1 pt

This system is associated with the ideas of Karl Marx and communism.

Traditional Economy

Market Economy

Command Economy

Mixed Economy

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