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Economic System Review
Test Description: Economics
Instructions: Answer all questions to get your test result.
1) What type of system does the government control everything?
A
Mixed
B
market
C
command
D
traditional
2) What economy is made up of customs and beliefs (farming -the old way)?
A
traditional
B
mixed
C
market
D
command
3) What type of economy is based on supply and demand?
A
command
B
market
C
traditional
D
mixed
4) What type of economy consists of both command and market?
A
Command
B
Market
C
traditional
D
Mixed
5) Which country's economy is mixed but closet to command?
A
Cuba
B
Brazil
C
Canada
D
United States
6) what country is the closest to a pure market economy?
A
Australia
B
Germany
C
Russia
D
Cuba
7) All democratic countries in the world have this type of system.
A
command
B
market
C
Mixed
D
traditional
8) Systems like the former Soviet Union, former East Germany, and Cuba had.
A
command
B
traditional
C
market
9) Indigenous groups like the Inuits, Aztecs, Incas, Indians, Aborigines had this type of economy.
A
traditional
B
command
C
market
10) not having enough resources
A
full
B
GDP
C
Scarce (Scarcity)
D
plenty
*select an answer for all questions
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