This economic system is based on individual freedom.
Economic Systems and Activities
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Economic Systems and Activities
Quiz
•
James Maples
•
Social Studies, Geography
•
9th - 12th Grade
•
725 plays
•
Medium
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Traditional
Command (Communism)
Free Market
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This economic system is controlled by the government.
Traditional
Command (Communism)
Free Market
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Today, most economies are:
Free Market
Traditional
Mixed
Command (Communism)
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Joe owns a shoe store. At the end of the month Joe decides what to do with his profits.
Command
Free Market
Traditional
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sam loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.
Free Market
Traditional
Mixed
Command
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Nike and Under Armour sell similar products. This leads to a decrease in price and an increase in quality.
Free Market
Command
Traditional
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sarah would like to become a doctor when she grows up. Unfortunately, she lives in a country where her job will be decided for her by the government.
Traditional
Free Market
Mixed
Command
8.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Sally works in a private company that has to follow government rules for public safety.
Free Market
Command
Mixed
Traditional
9.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Who or what answers the basic economic questions in a mixed economy?
Individuals and Businesses
Government
Custom
Individuals, Businesses, and Government
10.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which level of development is a country where most people work at the subsistence level?
More Developed
Newly Industrialized
Less Developed
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