Economic Systems Quiz

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Test your knowledge on modern economic systems with this fun quiz!

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Christy Gemayel

Lebanon

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Froggy Jumps Economic Systems QuizOnline version Test your knowledge on modern economic systems with this fun quiz! by Christy Gemayel 1 In a traditional economy, how are economic decisions made? a Through government planning b Based on consumer demand c By customs and habits 2 What is one characteristic of a traditional economy? a rapid technological growth b Dependence on hunting and farming c Strong government control 3 Which economic system is based on competition and profit? a Mixed economy b Command economy c Market economy 4 What does a market economy encourage? a Entrepreneurship and economic freedom b Government control c farming and hunting 5 In a command economy, who makes the economic decisions? a Business owners b Consumers c The government 6 What is a goal of a command economy? a Equal distribution of income b Reducing government control c Encouraging competition 7 What does a mixed economy combine? a Market freedom and government regulation b Traditional farming and modern industry c Command planning and no taxes 8 Why do some mixed economies have higher taxes? a To discourage competition b To support public welfare programs c To reduce government spending 9 What type of economy does the United States mostly use? a Command economy b Traditional economy c Market economy only

Froggy Jumps

Economic Systems QuizOnline version

Test your knowledge on modern economic systems with this fun quiz!

by Christy Gemayel

In a traditional economy, how are economic decisions made?

Through government planning

Based on consumer demand

By customs and habits

What is one characteristic of a traditional economy?

rapid technological growth

Dependence on hunting and farming

Strong government control

Which economic system is based on competition and profit?

Mixed economy

Command economy

Market economy

What does a market economy encourage?

Entrepreneurship and economic freedom

Government control

farming and hunting

In a command economy, who makes the economic decisions?

Business owners

Consumers

The government

What is a goal of a command economy?

Equal distribution of income

Reducing government control

Encouraging competition

What does a mixed economy combine?

Market freedom and government regulation

Traditional farming and modern industry

Command planning and no taxes

Why do some mixed economies have higher taxes?

To discourage competition

To support public welfare programs

To reduce government spending

What type of economy does the United States mostly use?

Command economy

Traditional economy

Market economy only

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Economic Systems Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Economic Systems QuizOnline version

by Christy Gemayel

In a traditional economy, how are economic decisions made?

What is one characteristic of a traditional economy?

Which economic system is based on competition and profit?

What does a market economy encourage?

In a command economy, who makes the economic decisions?

What is a goal of a command economy?

What does a mixed economy combine?

Why do some mixed economies have higher taxes?

What type of economy does the United States mostly use?

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