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Geography, Other, History
6th -
7thgrade
SS7E1, SS7E4, SS7E7: Economic Systems
9 questions
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- 1. Multiple ChoiceAn economic system is a way in which people decide to organize the production, distribution, and consumption of goods and services.truefalse
- 2. Multiple ChoiceWhat, how, and for whom to produce are the basic economic questions that every society must answer.truefalse
- 3. Multiple ChoiceAll societies answer the three basic questions in the same way.truefalse
- 4. Multiple ChoiceMost societies have some type of mixed economy.truefalse
- 5. Multiple ChoiceIn a market economy, only the government decides what goods are produced.truefalse
- 6. Multiple ChoiceIn a command economy, consumer purchasing decides what goods and services are produced.truefalse
- 7. Multiple ChoiceIn a command economy, the government decides how the goods will be produced and distributed.truefalse
- 8. Multiple ChoiceIn a market economy, decisions regarding production and consumption result from the interaction of consumers and producers.truefalse
- 9. Multiple ChoiceIn a traditional economy, custom and habit determine economic decisions.truefalse
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