Economic System Quizzes & Trivia

Top Trending Quizzes

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

Questions: 27 | Attempts: 6624 | Last updated: Mar 22, 2022

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

What Economic System Are You?

Economic Systems

Questions: 5 | Attempts: 572 | Last updated: Mar 20, 2022

Sample Question
When you are working in a group, who would you consider yourself?

Leader

First follower

Follower

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: 236 | Last updated: Mar 20, 2022

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

A Quick Review On Economic System! Quiz

There are different ways societies use to ensure that limited resources can help meet the endless needs of societies. Having an economic system ensures that one knows when, how, and who to produce to meet the requirements. Do...

Questions: 10 | Attempts: 318 | Last updated: Mar 21, 2022

Sample Question
1. Which is a question that nations answer when determining their type of economic system?

Who gets to consume the goods and services that are produced?

What goods and services will be produced?

How will the goods and services be produced?

All of the above

Trivia On Economic System: Quiz!

Do you know anything about the economic system? Would you be willing to try this quiz? Some of the ideas in this quiz that you should learn about including financial decisions based on what markets allow us to do, how...

Questions: 10 | Attempts: 807 | Last updated: Mar 21, 2022

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?

Recent Quizzes

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: 102 | Last updated: Mar 22, 2022

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.

How Economic Systems Attempt To Allocate Resources Effectively

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: 199 | Last updated: Mar 22, 2022

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

3-3 Economic Systems Guided Reading

This is a Guided Reading Assignment for 3-3. Be exact. Spelling counts. These are book answers.

Questions: 15 | Attempts: 51 | Last updated: Mar 18, 2022