Quiz About Economic Concepts On Agrarian Reform
This is a 10-item quiz to assess your understanding of the readings of the Economic Concepts on Agrarian Reform. Read and understand the statements carefully and choose the best answer, to learn new things about the relationship between farming and economics. Best of luck!
- 1.Opportunities for economic advancement of the masses is encouraged.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
- 2.Producing just enough for personal survival dominates in this economic system.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
- 3.An economic system associated with communism.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
- 4.This system is commonly found in developing countries.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
- 5.Cuba, China, and North Korea are the world’s last true communist countries.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
- 6.This is when one does what his/her father did.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
- 7.In this system the government determines prices and what is produced.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
- 8.In this system the market (consumer and producers) determine prices and what is produced.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
- 9.This is synonymous with capitalism and free enterprise.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
- 10.This system was the basis for Neolithic societies and most pre-industrial countries.
- A.
Command Economic System
- B.
Market Economic System
- C.
Mixed Economic System
- D.
Traditional Economic System
Questions: 18 | Attempts: 1143 | Last updated: Feb 24, 2021
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