Economic System Quizzes & 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.

Economic Systems! Trivia Questions Quiz

Do you really know what is the economy? Have you ever imagine how it works? The economic system refers to a process of production, allocating resources and focussing on the distribution of goods and services which comprises...

Questions: 27 | Attempts: 1254 | Last updated: Jun 11, 2019

Sample Question
What are the limitations of a Free enterprise system?

High taxation and less incentive to work hard

Uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products

Restrictions on personal freedoms

There are no limitations

Economic Systems

Questions: 10 | Attempts: 500 | Last updated: Jan 21, 2013

Sample Question
Which of these is a key economic question face by countries?

How bis should the army be?

What goods and services should be produced?

How much mone should be raised in taxes?

How many schools should be built?

How Economic Systems Attempt To Allocate Resources Effectively

In our economic system we have three main resources that are combined into goods and services. In this quiz we will test the users knowledge of the importance of scarcity of resoures in economics and how effectively the various...

Questions: 10 | Attempts: 110 | Last updated: Feb 20, 2013

Sample Question
In economics we have three main resources that are combined into goods and services, these are;

Workers, employees, managers

Equipment, vehicles, furniture

Human, natural,capital

Computers,workers,equipment

How Much Do You Know About Nationalism And Honor?

Nationalism is a political, social, and economic system characterized by promoting the interests of a particular nation with the purpose of gaining and preserving self-governance, over the the "group's" homeland....

Questions: 10 | Attempts: 100 | Last updated: Mar 14, 2018

Sample Question
When it comes to nationalism, what forms a national identity?

The fear of being overcrowded by other cultures.

Culture, language, race, religion, political goals, or beliefs in common ancestry.

The fear of the unknown.

Race and religion.

Chapter 2 - Economic Systems

When it comes to the world of economics the most important thing to do is to meet the supply in the market while maximizing profits or income. Economic systems as we learned are the means through which governments distribute...

Questions: 7 | Attempts: 89 | Last updated: Jan 3, 2019

Sample Question
Which is NOT a basic question of an economic system according to the text?

What to produce

Where to produce

For whom to produce

How to produce

Economy Quizzes

Canada Quizzes

Economics Quizzes

Economic System Questions & Answers

�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

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?

High taxation

What is the main goal of a Mixed Economy?

1. To promote individual and social rights