Grade 7 · Social Studies

7th grade Traditional, command, market and mixed economies worksheet

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Traditional, command, market and mixed economies

Grade 7 Social Studies Worksheet

NameDate

Circle the best answer.

1.
In a market economy, who mainly decides what to make, Milo asks?
- A central plan with targets for each factory
- One shopkeeper for the country
- Custom handed down in families
- Buyers and sellers
2.
In a command economy, how is the decision made, Noah asks?
Use the picture in question 1.
- By prices set by supply and demand
- By custom and long tradition
- By a coin toss
- By plans and targets
3.
What is another name for a command economy, Pia asks?
Use the picture in question 1.
- A barter economy
- A market economy with prices
- A traditional economy with customs
- A planned economy
4.
In the market chain, what happens when buyers want more of a good, Ren asks?
Use the picture in question 1.
- Custom decides to make less
- A central plan raises the target
- Its price rises
- Its price falls to zero
5.
Why do makers make more when the price rises, Tala asks?
Use the picture in question 1.
- They can earn more
- Their grandparents did
- A plan orders them to
- Prices fall when they make more
6.
In the command chain, what do factories follow, Zee asks?
Use the picture in question 1.
- The prices in the market each day
- Long-standing family customs
- The plan's targets
- Nothing
7.
Which chain starts with a central plan, Bo asks?
Use the picture in question 1.
- Both chains start with a plan
- The market chain, with its prices
- Neither chain has a plan
- The command chain
8.
How do the two chains differ, Esme asks?
Use the picture in question 1.
- One makes goods and the other makes no goods
- In who decides
- They do not differ
- One is good and the other is bad
9.
Jun's note says, "In a market economy, a central plan sets prices." Which fix is right?
Use the picture in question 1.
- Change "market" to "traditional"
- Leave it: plans set market prices
- Change "prices" to "customs"
- Change it: supply and demand set prices
10.
Kira's note says, "In a command economy, buyers decide what factories make." Which fix is right?
Use the picture in question 1.
- Change "command" to "barter"
- Change it: a central plan decides
- Leave it: buyers set each factory's target
- Change "factories" to "farms"

7th grade Traditional, command, market and mixed economies worksheet – printable — Print: 1 2 3 4 5 6

About this worksheet

Traditional, command, market and mixed economies. Every version has 10 questions, and the answer key prints on the second page.

What your child will learn

I can name the three questions every economy answers, and explain how custom answers them in a traditional economy.
I can compare who mainly decides in market and command economies, without judging either.
I can sort three made-up towns into mixed, command and traditional, and write neutral sentences about economic systems.

Standard: D2.Eco.1.6-8 (partial)

Common mistakes

Your child read the wrong row of the chart. Find the row's name first, then read across.

Your child gave one reason when several worked together. Look for each reason in the chart.

Your child chose something the chain does not say. Read the box again.

Questions parents ask

What is the most common mistake with traditional, command, market and mixed economies?

Your child read the wrong row of the chart. Find the row's name first, then read across.

Are these 7th grade social studies worksheets free to print?

Yes. All 6 printable versions at each level are free to print, with the answer key, and no account is needed.

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