Economics - Traditional Economy MCQ Test 2

1. What rare economic phenomenon involves citizens collectively deciding on the allocation of budgetary resources?

2. What is a key feature of economic decision-making in traditional economies?

3. How are surplus resources typically handled in traditional economies?

4. In which innovative economic model is the emphasis on creating a balance between economic growth and ecological preservation?

5. Which exceptional economic system places importance on the equitable distribution of wealth, often involving voluntary redistribution?

6. How is innovation perceived in the context of traditional economies?

7. What characterizes the primary means of production in a traditional economy?

8. What is a key factor influencing the division of resources among families in traditional economies?

9. How are resources allocated in a traditional economy?

10. How do traditional economies perceive the concept of wealth?

11. How do traditional economies handle disputes and conflicts?

12. What is the primary focus of traditional economies?

13. How do traditional economies address environmental sustainability?

14. How does inheritance function in traditional economies?

15. What rare economic principle involves the intentional slowing down of economic growth to prioritize other societal goals?

16. How does technology adoption differ in traditional economies compared to modern economies?

17. How does resource allocation typically occur in a traditional economic system?

18. How is economic change typically perceived in a traditional economic system?

19. What guides the distribution of goods and services in traditional economies?

20. What rare economic system involves the absence of a centralized government, allowing communities to govern themselves?

21. Which rare economic practice involves individuals voluntarily reducing their working hours to achieve a better work-life balance?

22. In traditional economies, how is wealth typically measured?

23. What plays a central role in resolving disputes over resources in traditional economies?

24. In traditional economies, what primarily determines an individual's occupation?

25. What is the primary determinant of economic activities in a traditional economy?

26. How does currency function in traditional economies?

27. What is a defining characteristic of traditional economic decision-making?

28. In a traditional economy, how are economic decisions influenced?

29. Which exceptional economic system places importance on community values, self-sufficiency, and local production?

30. How do traditional economies contribute to social cohesion?

31. How do traditional economies address the needs of vulnerable community members?

32. How is wealth typically measured in traditional economies?

33. Which of the following is an example of a traditional economic practice?

34. What is a characteristic role of elders in traditional economies?

35. What role do cultural ceremonies play in traditional economies?

36. What is a common occupation in traditional agricultural societies?

37. How do traditional economies adapt to environmental challenges?

38. How do traditional economies view the concept of private property?

39. What is a defining feature of the decision-making process in traditional economies?

40. What is a common characteristic of the division of labor in traditional economies?