Economic Systems Quiz

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5 Questions

Which of the following countries is the best example of a pure socialist economy?

According to a GlobeScan poll, which country's citizens showed the greatest support for the free market economy?

Which of the following best describes the economic system of the United States?

What is the likely result when the price of pizzas at 5-for-1 Pizza increases by $2.00?

What is the term used to describe the point at which the quantity demanded is equal to the quantity supplied?


Test your knowledge on different economic systems and see if you can correctly identify key characteristics. Explore statements about socialism, capitalism, and communism to determine which ones are accurate.

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