FIRST PUBLISH OCTOBER 2024
Economic systems test Questions and
Answers
Which of the following is an advantage of communism? - ANSWER✔✔-allows for large changes to be
made quickly
Which of the following is NOT a country with a traditional economy? - ANSWER✔✔-Canada
Which of the following is the way a society produces goods and services? - ANSWER✔✔-economic
systems
Little to no freedom in selecting a career and workplace is a characteristic in which economic system? -
ANSWER✔✔-Communism
Which of the following is NOT one of the three main types of economic systems? - ANSWER✔✔-strong
arm
A private enterprise system permits which of the following to make economic decisions? - ANSWER✔✔-
individuals
A private enterprise system does NOT do which of the following to motivate business to succeed? -
ANSWER✔✔-providing citizens with a career and workplace
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