Economic Systems Quiz 30 (5 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. An economic system where the government controls the nation's economy

Correct Answer: B) Command.

2. The Zhou Dynasty in China followed the economic system of a

Correct Answer: A) Command economy.

3. Most modern economies today are ..... economies.

Correct Answer: D) Mixed.

4. Lack of growth and progress

Correct Answer: A) Traditional economic system.

5. How did Russia's economy change at the end of the Cold War (end of communism)?

Correct Answer: B) It moved closer to a market system on the continuum.