Grade 12 Starter Lesson: Economic Systems

Last updated over 1 year ago
8 questions
Note from the author:
In this lesson, you will compare and contrast economic systems.

Essential Question: What makes an economics system different from another?
In this lesson, you will compare and contrast economic systems.

Essential Question: What makes an economics system different from another?
Watch the video before responding to the question.
Required
1

Which of the following BEST defines the term economic systems?

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1
A __________ economy is influenced by the government and __________.
1
In a ____________ economy, a centralized authority controls all parts of the economy.
Other Answer Choices:
mixed
market
command
Required
1

What are the benefits of a free market economy for consumers?

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1

Communism would be an example of a command economy.

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1
_______ are used to fund public services within _______.
Required
1

Match the term with the correct description.

Draggable itemCorresponding Item
capitalism
total private ownership
socialism
some private ownership
communism
private ownership is prohibited
Required
1

Respond to the focus question by uploading a file with a slide presentation or essay.