
Economic Systems
Presentation
•
Social Studies
•
9th Grade
•
Practice Problem
•
Medium
Louis King
Used 2+ times
FREE Resource
0 Slides • 18 Questions
1
Open Ended
What Standard of Living do you hope to attain in life? How do you plan to accomplish this goal?
2
Dropdown
3
Multiple Choice
According to the graphic, what happens when supply goes up?
4
Multiple Choice
According to the graphic, what happens when demand goes down?
5
Multiple Choice
According to the graphic, what happens when supply goes down?
6
Multiple Choice
Which of the following best defines an economic system?
A method used by a society to produce and distribute goods and services
A way to increase government revenue
A system for organizing political parties
A method for reducing unemployment
7
Multiple Choice
What questions do economic systems consider?
8
Multiple Choice
What economic system does the United States have in place?
Capitalism/Free Enterprise Market
9
Multiple Select
Which of the following are characteristics of a capitalist or free market economy? 3 correct answers
Economic freedom
Competition
Private property
Government ownership of all resources
10
Multiple Choice
In a free market economy, individuals make decisions based on what is best for them. What is this concept called?
Self-interest
Voluntary exchange
Profit motive
Government planning
11
Fill in the Blanks
Fill in the blank: No economy is purely market, command, or traditional; most are considered
12
Multiple Choice
Which of the following best describes the type of economy in the United States?
Free market economy
Command economy
Mixed economy
Traditional economy
13
Multiple Choice
What best defines Laissez-Faire?
14
Multiple Choice
How does government provide in a mixed economy?
15
Multiple Select
Which of the following are examples of government involvement in a mixed economy? 3 answers only
Setting minimum wage
Providing Medicare
Allowing monopolies
Limiting production of certain goods
16
Multiple Choice
What are some disadvantages of Communism?
17
Multiple Choice
What countries have a Communism system in place?
18
Open Ended
What is a good and services?
What Standard of Living do you hope to attain in life? How do you plan to accomplish this goal?
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