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- 1. Fill in the Blank
How many types of economies exist in the world?
- 2. Multiple Choice
A traditional economy mainly appears in ______countries.
rich
poor
any country in the world
- 3. Multiple Choice
In a traditional economy, the goods and services are traded with other countries.
true
false
- 4. Multiple Choice
A traditional economy is also known as __________
Subsistence economy
market economy
command economy
mixed economy
- 5. Multiple Choice
A combination of all the types of economies
subsistence economy
mixed economy
capitalist economy
traditional economy
- 6. Multiple Choice
Here, the government takes control of the whole economy.
mixed economy
traditional economy
command econmy
capitalist economy
- 7. Multiple Choice
In this type of economy, the freedom of the individual in terms of choices of products, services and prices is given importance.
subsistence economy
command economy
market economy
mixed economy
- 8. Fill in the Blank
The four types of economies in this world are
- 9. Multiple Choice
When a person works with natural resources, it is called as ________
primary activity
secondary activity
tertiary activity
quaternary activity
- 10. Multiple Choice
When a person works with raw materials in order tp produce more expensive products, it is called as ________
secondary activity
primary activity
tertiary activity
quaternary activity
- 11. Multiple Choice
When a person provides specialized services and become doctors, engineers, electricians , this type of economic activity is known as ________
secondary activity
primary activity
tertiary activity
quaternary activity
- 12. Multiple Choice
Which type of economic activity is the the person doing in the picture?
primary
secondary
tertiary
quaternary
- 13. Multiple Choice
Which type of economic activity is the the person doing in the picture?
primary
secondary
tertiary
quaternary
- 14. Multiple Choice
Which type of economic activity is the the person doing in the picture?
primary
secondary
tertiary
quaternary
- 15. Multiple Choice
Which type of economic activity is the the person doing in the picture?
primary
secondary
tertiary
quaternary
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