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.

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?

Questions: 10  |  Attempts: 500   |  Last updated: Jan 21, 2013
  • Sample Question
    Which of these is a key economic question face by countries?

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;

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?

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?

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 the main goal of a Mixed Economy?
1. To promote individual and social rights