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Economic Systems Multiple Choice Test

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Economic Systems

See if you can figure out which of the economic systems the question is referring to. Good luck

NOTE: If the question contains an image, clicking on it will enlarge it for easier viewing. If there is a "More Info" link after the question, clicking it will display additional content related to the question.

The condition that exists when wants exceeds resources available to satisfy wants.

The type of resources that are present without human intervention.

The type of economy that is run by a central government authority.

The type of economy where people believe in doing things the way they have in the past.

In which economy does men and women have specific roles?

Which are goods produced and used to make other goods and services?

Which economy does the U.S. have?

What is the study of how individuals and societies seek to satisfy needs and wants through choices?

Which is a disadvantage of a command economy?

Which are the four types of economic systems?

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