Economic Systems Quick Check
Authored by Anna Moore
Social Studies
7th Grade
Used 1+ times
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8 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match the following
market economy
What to produce? How to produce? For whom to produce?
traditional economy
a mix of command economy and market economy
command economy
3 questions are answered based on supply and demand
3 basic questions
3 questions are answered based on traditions and customs
mixed economy
3 questions are answered by the government
2.
DRAG AND DROP QUESTION
1 min • 1 pt
In a traditional economy, the 3 basic economic questions are answered by (a) and values. This type of economy is often found in (b) societies that used the (c) system to trade goods without any money.
3.
DRAG AND DROP QUESTION
1 min • 1 pt
In a command economy, the 3 basic economic questions are answered by (a) . Businesses (b) able to decide what to produce or set the prices of goods.
4.
DRAG AND DROP QUESTION
1 min • 1 pt
In a market economy, the 3 basic economic questions are answered by (a) . Businesses (b) able to decide what to produce or set the prices of goods.
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
A mixed economy is a blend of which two economic systems? (Choose 2 answers!!)
command
traditional
market
6.
MATCH QUESTION
1 min • 1 pt
Match the following pictures to the factor of economic growth it is describing
natural resource
human capital
entrepreneur
capital good
7.
MATCH QUESTION
1 min • 1 pt
Match the following factors of economic growth
entrepreneur
a person who starts a new business
natural resource
the oil that is in the ground or trees on a forest
human capital
a machine that is used to drill for oil or to make cars
capital good
a person doing a job, operating a machine, etc.
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