Economic System Quizzes Online & Trivia

A comprehensive database of more than 11 economic system quizzes online, test your knowledge with economic system quiz questions. Our online economic system trivia quizzes can be adapted to suit your requirements for taking some of the top economic system quizzes.


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  • What are the limitations of a free enterprise system?
    What are the limitations of a free enterprise system?
    A free enterprise system, or capitalism, has the specific downfall of uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products. The main goal of the capitalist world is to allow anyone to get up to the top of the world by their own efforts. In reality, only a few people do that. This is mainly because the resources are expensive. If there are people that have it all, they can get it for cheap because they can make the purchase that will last for a long while before they have to buy it again. However, capitalism is all about the money! If you can make money on it, then that’s all you need to worry about it. For this reason, companies made it incredibly hard to find information about their products way back in the day. Nowadays, that’s not too hard to find.

  • What does a centrally planned economy promote?
    What does a centrally planned economy promote?
    Profit will be for the publicsectornot individualor privet owners if it is exist

  • What is a limitation of a mixed economic system according to the text?
    What is a limitation of a mixed economic system according to the text?
    High taxation

  • What is the difference between developed, and developing countries.
    What is the difference between developed, and developing countries.
    Developed countries, have a high proportion of workforce in the tertiary sector. Developing Countries has a high proportion of their workforce in the Primary industries.

  • What are the 4 types of economic systems, define, explain, and have example for each.
    What are the 4 types of economic systems, define, explain, and have example for each.
    Traditional:Desicions are made on what has been done in the past. Ex: Menonites. Command : Desicions are made by central authority, such as dictator, or the government. EX : Nnorth Korea.Marjet desicions are made by all members of society based on own needs and desires. Ex USA. MixedDesicions are made within a system that has aspects of both comaand and market economies. Ex. Canada.

  • Which of the following is not an example of a situation that increases profit in a free enterprise system?
    Which of the following is not an example of a situation that increases profit in a free enterprise system?
    The cost of raw materials has increased

  • Which is not a basic question of an economic system according to the text?
    Which is not a basic question of an economic system according to the text?
    Where to produce

  • What are the limitations of a Free enterprise system?
    What are the limitations of a Free enterprise system?
    Uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products

  • Which of the following is not an example of a situation that increases profit in a free enterprise system?
    Which of the following is not an example of a situation that increases profit in a free enterprise system?
    The cost of raw materials has increased

  • A centerally planned economy has .
    A centerally planned economy has .
    A large planning agency, many government employees, and many social benefits

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