Edit Game
economic sysytems
 Delete

Use commas to add multiple tags

 Private  Unlisted  Public



 Save

Delimiter between question and answer:

Tips:

  • No column headers.
  • Each line maps to a question.
  • If the delimiter is used in a question, the question should be surrounded by double quotes: "My, question","My, answer"
  • The first answer in the multiple choice question must be the correct answer.

 Import questions





 Save   15  Close
Most countries in the world today are what type of economic system?
Mixed Economy
What economic system is a combination of Market/Capitalist and Command/Communist economies?
Mixed Economy
Which type of economy BEST allows some people to become very rich while others may be poor?
Market/Capitalist Economy
Which economic system involves limited government involvment whille also applying free marker concepts?
The mixed economic system
In which economic system law of supply and demand determines prices and regulates the market?
In the capitalist economic system.
In which economic system government sets prices and distributes profits?
In a communist economic system
Which economic system use the traditional methods to product goods?
Subsitence system (traditional sysytem)
Tell us who consumers are.
People who buy, households.
Tell us who producers are.
People involved in production, they make goods or provide services.
Explain the difference between goods and services.
Goods: tangible assets. Example: chair, car, table Services: activities that don´t produce material goods. Ex: Health, education
A market economy has heavy government regulations? True or False?
False
Who control the economy in a communism (command) economy?
Government, state
Who answers the economic questions in a traditional economy?
Traditions of the people
What are the four economic systems?
Subsitence (Traditional), Communist (Command), Capitalist (Market) or Mixed Economic System.
In the capitalist or market economy the main targer is to make a profit. True or false?
True
Your experience on this site will be improved by allowing cookies.