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Economic systems test Questions & Answers

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Which of the following is an advantage of communism? - ANSWERSallows for large changes to be made quickly Which of the following is NOT a country with a traditional economy? - ANSWERSCanada Which of the following is the way a society produces goods and services? - ANSWERSeconomic systems Little to no freedom in selecting a career and workplace is a characteristic in which economic system? - ANSWERSCommunism Which of the following is NOT one of the three main types of economic systems? - ANSWERSstrong arm A private enterprise system permits which of the following to make economic decisions? - ANSWERSindividuals A private enterprise system does NOT do which of the following to motivate business to succeed? - ANSWERSproviding citizens with a career and workplace An entrepreneur does NOT do which of the following with the risks of a business or enterprise? - ANSWERSdisplaces Which of the following began at the dawn of civilization? - ANSWERSagricultural economy Which of the following took over America in the late 1900s? - ANSWERSinformation economy Which of the following is NOT one of the three main economic systems? - ANSWERSfascism What is another name for the private enterprise system? - ANSWERScapitalism Which of the following is a characteristic of an entrepreneur? - ANSWERSrisk taking Which of the following is a country which operates under command/communism? - ANSWERSNorth Korea

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Economic systems test Questions &
Answers
Which of the following is an advantage of communism? - ANSWERSallows for large
changes to be made quickly

Which of the following is NOT a country with a traditional economy? -
ANSWERSCanada

Which of the following is the way a society produces goods and services? -
ANSWERSeconomic systems

Little to no freedom in selecting a career and workplace is a characteristic in which
economic system? - ANSWERSCommunism

Which of the following is NOT one of the three main types of economic systems? -
ANSWERSstrong arm

A private enterprise system permits which of the following to make economic decisions?
- ANSWERSindividuals

A private enterprise system does NOT do which of the following to motivate business to
succeed? - ANSWERSproviding citizens with a career and workplace

An entrepreneur does NOT do which of the following with the risks of a business or
enterprise? - ANSWERSdisplaces

Which of the following began at the dawn of civilization? - ANSWERSagricultural
economy

Which of the following took over America in the late 1900s? - ANSWERSinformation
economy

Which of the following is NOT one of the three main economic systems? -
ANSWERSfascism

What is another name for the private enterprise system? - ANSWERScapitalism

Which of the following is a characteristic of an entrepreneur? - ANSWERSrisk taking

Which of the following is a country which operates under command/communism? -
ANSWERSNorth Korea

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