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Command Economy
Test Description: Command economy questions
Instructions: Answer all questions to get your test result.
1) Which one of these is not one of the three economic questions?
A
What to make?
B
For whom will it be made?
C
How will it be made?
D
Who will make it?
2) Who owns the factors of production in a command economy?
A
the people
B
the government
C
businesses
D
the church
3) What are the factors of production?
A
resources needed to make goods and services
B
how much of something is produced
C
the economic questions
D
the final cost of goods and services
4) What is economic planning in a command economy?
A
making economic plans based off of tradition
B
the government making decisions about an economy
C
businesses planning out how to use resources
D
a family planning how to spend their income
5) In a market economy supply and demand determines which goods and services will be produced, in a command economy how is that decision made?
A
consumers decide what will be produced
B
supply and demand
C
tradition determines what will be produced
D
the government decides what will be produced
6) How are prices set in a command economy?
A
prices are determined by supply and demand
B
the government sets the prices
C
everything is free
D
people mostly barter for goods and services
7) Many ________ economies were command economies.
A
modern
B
democratic
C
religious
D
ancient
8) Which of these would you most likely see in a command economy?
A
producers making what they want
B
nobody making any decisions
C
a strong ruler making all of the decisions
D
a lot of churches
9) Which movie would be a good example of a command economy?
A
Back to the Future, the 1980s gave the government more power
B
Wolf of Wall Street, Wall Street leaders made economic choices
C
Hunger Games, government decides what each district makes
D
Harry Potter, the wizards have their own economy
10) Which modern day country has a command economy?
A
India
B
the United States
C
Canada
D
North Korea
11) Which type of leader would most like a command economy?
A
a church official
B
an elected president
C
an absolute monarch
D
no leader
12) Which type of leader would utilize a command economy?
A
a dictator
B
a religious leader
C
an elected president
D
an economist
*select an answer for all questions
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