Social Studies

9th -

12thgrade

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Economic Systems in the World

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10 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    An economic system is..

    a way of organizing the production and consumption of goods and services.

    a way to decided how money moves around in a nation.

    buying and selling of goods.

    food, clothing and shelter.

  • 2. Multiple Choice
    30 seconds
    1 pt

    The 3 fundamental questions of economics are

    Who should produce, what to produce and when to produce?

    Why to produce, What resources to use and Who to trade with?

    What to produce, How to produce and who gets what?

    Who gets land, how much to pay and when to pay?

  • 3. Multiple Choice
    30 seconds
    1 pt

    Your education is a type of what?

    Land

    Labor

    Capital

    Resource

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