Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Economics
Test Description: What's the economic system?
Instructions: Answer all questions to get your test result.
1) If the government makes the decisions about what and how much to produce
A
Command Economy
B
Traditional Economy
C
Mixed Economy
D
Market Economy
2) If decisions are based on basic survival of family and/or community members
A
Command Economy
B
Traditional Economy
C
Mixed Economy
D
Market Economy
3) If all of the economic decisions are made by basic supply and demand
A
Market Economy
B
Command Economy
C
Traditional Economy
D
Mixed Economy
4) Its economy is now mixed. The government still controls businesses to some degree, but not nearly as much as it once did. Most of its millions of citizens live in extreme poverty.
A
Japan
B
India
C
China
D
North Korea
5) Although its somewhat mixed, it leans more toward a command system. The government allows for more free market zones as it continues to move toward a market economy. Very likely could lead the world economically in 20 years.
A
India
B
China
C
North Korea
D
Japan
6) Its economy is thriving! One of the wealthiest nations in the world. Prices of goods and services are based on supply and demand.
A
North Korea
B
China
C
India
D
Japan
7) Its strict Communist government is in complete control of the economic decisions.
A
India
B
North Korea
C
Japan
D
China
8) Japan produces some of the world's most popular electronic products
A
FALSE
B
TRUE
9) North Korea is the world's largest exporter.
A
TRUE
B
FALSE
10) Taxes that are added to imported goods.
A
Embargoes
B
Quotas
C
Tariffs
11) When a country limits the amount of goods coming in from another country...
A
Quotas
B
Tariffs
C
Embargoes
12) When a country refuses to trade with another country
A
Quotas
B
Tariffs
C
Embargoes
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?