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TEST PREP: WEEK 25

Quiz by George Wells [Gibson MS]

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20 questions
Show answers
  • Q1
    In a mixed economic system, who controls certain industries such as healthcare and education?
    Private sector
    Central government
    Local governments
    Individuals and businesses
    30s
  • Q2
    Which economic system relies on hunting and fishing for food and clothing?
    Mixed economy
    Market economy
    Command economy
    Traditional economy
    30s
  • Q3
    Which country is an example of a command economic system?
    United Kingdom
    Canada
    China
    United States
    30s
  • Q4
    What is the main characteristic of a market economic system?
    Government control of all industries
    Private sector control
    Complete free market
    Combination of command and market elements
    30s
  • Q5
    What is the basis for economic decisions in a traditional economic system?
    Customs and traditions
    Central government control
    Private sector influence
    Supply and demand
    30s
  • Q6
    In a traditional economic system, who determines what goods and services will be produced?
    Customs and traditions
    Individuals and businesses
    Local governments
    Central government
    30s
  • Q7
    Which country is an example of a mixed economic system?
    Canada
    China
    United States
    United Kingdom
    30s
  • Q8
    Which economic system allows the government and the private sector to both make economic decisions?
    Command economy
    Traditional economy
    Market economy
    Mixed economy
    30s
  • Q9
    What is the main characteristic of a mixed economic system?
    Complete free market
    Government control of all industries
    Combination of command and market elements
    Private sector control
    30s
  • Q10
    What is the basis for economic decisions in a market economic system?
    Customs and traditions
    Private sector influence
    Central government control
    Supply and demand
    30s
  • Q11
    Which country is an example of a market economic system?
    Canada
    China
    United Kingdom
    United States
    30s
  • Q12
    Which country is an example of a traditional economic system?
    Canada
    United States
    China
    Inuit people of the Arctic
    30s
  • Q13
    In a command economic system, what determines prices in the marketplace?
    Customs and traditions
    Private sector influence
    Supply and demand
    Central government control
    30s
  • Q14
    Which economic system is a combination of elements from both command and market economies?
    Traditional economy
    Market economy
    Mixed economy
    Command economy
    30s
  • Q15
    In a traditional economic system, economic decisions are based on:
    Supply and demand
    Private sector influence
    Government control
    Customs and traditions
    30s

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