Froggy Jumps Traditional Economic System QuizOnline version Test your knowledge about the traditional economic system with these 10 questions! by sarah ayyad 1 What is the main characteristic of a traditional economic system? a Individuals make economic decisions based on self-interest b Customs and traditions dictate economic decisions c Government controls all economic activities 2 In a traditional economic system, how are resources allocated? a According to market demand and supply b Through government planning c Based on customs and traditions 3 Who makes the economic decisions in a traditional economic system? a Government officials b Business owners and entrepreneurs c Elders and community leaders 4 What is the role of technology in a traditional economic system? a Extensive use of technology b No use of technology c Limited use of technology 5 How is wealth distributed in a traditional economic system? a Equally among members of the community b Unequally, with the wealthy having more c According to individual effort and productivity 6 What is the primary occupation in a traditional economic system? a Services and trade b Manufacturing and industry c Agriculture and farming 7 What is the level of economic mobility in a traditional economic system? a High b Medium c Low 8 What is the role of competition in a traditional economic system? a Intense competition b Limited competition c No competition 9 What is the main goal of a traditional economic system? a Maintaining stability and preserving cultural values b Maximizing profits and economic growth c Promoting social equality and justice 10 What is the level of government intervention in a traditional economic system? a Complete control b Extensive c Minimal
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