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Production in Traditional, Market, Command & Mixed Economic Systems

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What country is an example of a command economic system?

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1. What question is NOT one of the three basic economic questions that face all economic systems?

2. What is NOT a key feature of a traditional economic system?

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About This Quiz & Worksheet

For this quiz/worksheet assessment, you must be familiar with aspects of different economic systems in order to answer all quiz questions. You might take the quiz before viewing the lesson to measure your knowledge and again after watching it to determine what you learned.

Quiz & Worksheet Goals

This quiz is designed to measure your ability to:

  • Name a country that would be an example of a command economic system
  • List the questions facing all economic systems
  • Identify key features of a traditional economic system
  • Understand the drawbacks of a command economic system
  • Recognize a key feature of a market economic system

Skills Practiced

  • Reading comprehension - ensure that you can draw the most important information from the lesson, such as what questions are faced by all economic systems
  • Information recall - access the knowledge you've gained regarding features of a traditional economic system
  • Knowledge application - use your knowledge to answer questions about a command economic system

Additional Learning

Further build your knowledge of this topic by reviewing the lesson titled Production in Traditional, Market, Command & Mixed Economic Systems. You can expect to learn more about:

  • How the terms scarcity, goods and services are defined
  • The three main benefits of a market economic system
  • Examples of a market economic system
  • Features of a traditional economic system
  • What other term is used for a command economic system
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