Economic Systems Quiz

Economic Systems Quiz
Test your knowledge of different economic systems. Please answer all questions to the best of your ability.
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Which of the following is a primary characteristic of a command economy?

Match each economic system to its correct description.

Rows	Market Economy	Command Economy	Mixed Economy	Traditional Economy
Select the correct description for each system

Which country is most closely associated with a market economy?
Select all features that are typical of a mixed economy.
Other
On a scale of 1 to 5, how much government involvement do you think is ideal in an economy?

1
2
3
4
5
1 is Very Little, 5 is A Lot
Which of the following best describes socialism?
Briefly explain one advantage and one disadvantage of a market economy.
In your own words, describe how a mixed economy combines elements of both market and command economies.
Which economic system do you think is most effective? Why?
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