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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
Who will make it?
B
For whom will it be made?
C
How will it be made?
D
What to make?
2) Who owns the factors of production in a command economy?
A
the church
B
the government
C
the people
D
businesses
3) What are the factors of production?
A
resources needed to make goods and services
B
the economic questions
C
how much of something is produced
D
the final cost of goods and services
4) What is economic planning in a command economy?
A
businesses planning out how to use resources
B
a family planning how to spend their income
C
the government making decisions about an economy
D
making economic plans based off of tradition
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
tradition determines what will be produced
B
supply and demand
C
the government decides what will be produced
D
consumers decide what will be produced
6) How are prices set in a command economy?
A
people mostly barter for goods and services
B
the government sets the prices
C
everything is free
D
prices are determined by supply and demand
7) Many ________ economies were command economies.
A
ancient
B
modern
C
democratic
D
religious
8) Which of these would you most likely see in a command economy?
A
a strong ruler making all of the decisions
B
nobody making any decisions
C
a lot of churches
D
producers making what they want
9) Which movie would be a good example of a command economy?
A
Wolf of Wall Street, Wall Street leaders made economic choices
B
Hunger Games, government decides what each district makes
C
Harry Potter, the wizards have their own economy
D
Back to the Future, the 1980s gave the government more power
10) Which modern day country has a command economy?
A
Canada
B
North Korea
C
India
D
the United States
11) Which type of leader would most like a command economy?
A
an elected president
B
a church official
C
no leader
D
an absolute monarch
12) Which type of leader would utilize a command economy?
A
an elected president
B
an economist
C
a dictator
D
a religious leader
*select an answer for all questions
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