Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Economic Systems
Test Description: Economic Systems
Instructions: Answer all questions to get your test result.
1) Which of the following is NOT one of the 3 Fundamental Economic Questions?
A
WHAT will be produced?
B
For WHOM will it be produced?
C
HOW will it be produced?
D
WHY will it be produced?
2) Country A wants to make their own economic decisions without interference from the government. Their main economic goal is…
A
Economic Security
B
Economic Equity
C
Economic Stability
D
Economic Freedom
3) Country B wants to make the most of its resources. Their main economic goal is…
A
Economic Growth
B
Economic Freedom
C
Economic Security
D
Economic Efficiency
4) Country C wants to provide the less fortunate with the support they need to live decently. Their main economic goal is…
A
Economic Efficiency
B
Economic Equity
C
Economic Security
D
Economic Growth
5) Country D has the ability to produce more and better goods and services which leads to an improved standard of living. Their main economic goal is…
A
Economic Stability
B
Economic Security
C
Economic Freedom
D
Economic Growth
6) Country E strives for a society in which all people have access to all the goods and services they count on. Their main economic goal is…
A
Economic Growth
B
Economic Equity
C
Economic Efficiency
D
Economic Stability
7) Country F strives for the fair and just distribution of society’s resources. Their main economic goal is…
A
Economic Efficiency
B
Economic Security
C
Economic Freedom
D
Economic Equity
8) Cho lives in Myanmar where her father grows just enough food to feed his family. He is farming the same land Cho’s great-grandfather farmed years before. Years from now, the land will be passed down to Cho’s brothers. Cho’s economic system is…
A
Communism
B
Capitalism
C
Traditional
D
Socialism
9) Anna operates her business and carefully follows all federal and state regulations. She pays her share of taxes and receives many benefits from the government including free education through college. The economic system Anna’s country has is…
A
Traditional
B
Capitalism
C
Communism
D
Socialism
10) Kim lives in a country that ended private ownership of land and created several large government-owned farms. The government also took control of all the businesses and industries in this country. The economic system Kim’s country has is…
A
Capitalism
B
Traditional
C
Socialism
D
Communism
11) Rikkard and Jaana are guaranteed decent living conditions by their government. In addition to having all medical bills paid, they receive payments when wages are lost due to illness to help cover other expenses. Rikkard and Jaana’s economic system is
A
Traditional
B
Socialism
C
Capitalism
D
Communism
12) Lanii lives in a country where the government does not interfere, giving her freedom to operate her business in a manner that is best for her. She can increase production when demand is high and lower it when demand is low. Lanii keeps all her profit
A
Communism
B
Traditional
C
Socialism
D
Capitalism
*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?