Have an account?
Skip to Content
Build your own quiz
11 questions
Show Answers
See Preview
- 1. Multiple Choice
If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy.TraditionalMarketCommandMixed - 2. Multiple Choice
There are four types of economic systems. Most economies are _____.
Traditional
Command
Market
Mixed
- 3. Multiple ChoiceIn this type of economy, the individual decides who to sell their products to.TraditionalMixedMarketCommand
- 4. Multiple Choice
This type of government typically goes with the Command Economy.
Democracy
Dictatorship
Autocracy
Communism
- 5. Multiple ChoiceThe government has little to no role in the production of goods in this type of economy.TraditionalMixedCommandMarket
- 6. Multiple Choice
If there are only 100 televisions on sale and 200 people want to buy TV's, that is a problem of ____.
desire
demand
yoda
scarcity
- 7. Multiple Choice_______ is another word for Market Economy.CapitalismCommunism
- 8. Multiple ChoiceI am a farmer in Africa, and have always traded for my goods. I have a _____ economy.TraditionalCommandMarketMixed
- 9. Multiple ChoiceIn this type of economy, the government places control on businesses, but the individual decides what to make.MixedMarketCommandTraditional
- 10. Multiple Choice
In which economic system does the government answer all three of the big economic questions? (What to produce? How to produce? For whom to produce?)
Command
Socialism
Market
Traditional
- 11. Multiple Choice
In a __________________ economy, families, clans, or tribes make economic decisions based on generational customs and beliefs.
Mixed
Market
Traditional
Command
- Answer choicesTagsAnswer choicesTags