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- 1. Multiple Choice
In my country, central planners decide when we should expand old factories and build new ones.
Traditional
Command
Market
Mixed
- 2. Multiple Choice
In my country my job is the same one that my family has done over the past 200 years.
Traditional
Command
Market
Mixed
- 3. Multiple Choice
In my country, the government makes all the economic decisions.
Traditional
Command
Market
Mixed
- 4. Multiple Choice
,In my country, the government tells me where to work.
Traditional
Command
Market
Mixed
- 5. Multiple Choice
In my country we have no need for money. By custom, some of us hunt, others farm, and we are all taken care of.
Traditional
Command
Market
Mixed
- 6. Multiple ChoiceIn a command economy, who holds power over the economy?The peopleThe governmentBeyonceThe traditions of your ancesetors
- 7. Multiple ChoiceWhat are the 3 economic questions?What to produce? How To Produce? For whom to produce?Who to produce? Why you produce? Like to produce?Why to produce? Tell who to produce? Things to produce?
- 8. Multiple ChoiceIf the government makes me produce 70 T-Shirts, what economic system is this?MixedTraditionalCommandMarket
- 9. Multiple ChoiceIf I choose to produce fish for my town because my mom and dad were fishermen/women, what economic system is this?MixedMarketTraditionalCommand
- 10. Multiple ChoiceIf I produce meat but, the government has to check to make sure I can put this product on the market, what economic system is this?MixedTraditionalMarketCommand
- 11. Multiple ChoiceThe four types of economic systems are:Traditional, Command, Mixed, & MarketTraditional, Command, Combined, & MarketCommunism, Capitalism, Free Market, and MacroeconomicsMicroeconomics, Macroeconomics, Individual, and Traditional.
- 12. Multiple ChoiceWhich economy is dictated by supply and demand and the buyers and sellers?MarketSocilaismMixedCommand
- 13. Multiple ChoiceWhich of the following is an economic system in which the government and individuals are used to decide how to use scarce resources?Market economyCommand economyTraditional economyMixed economy
- 14. Multiple ChoiceWhich of the following is NOT one of the three basic questions of economics when looking at economic systems?What goods and services will be produced?What is the price of the goods?Who is responsible for producing goods and services?How will goods and services be distributed to customers?
- 15. Multiple Choice
The country of North Korea has a dictator that makes almost all of the economic decisions. What type of economy is this?
Traditional
Market
Command
Centrally Planned
- 16. Multiple Choice
__________ : when people want or need more of something than there is.
Scarcity
Profit
Opportunity Cost
Tax
- 17. Multiple Choice
To trade goods
Taxes
Barter
Service
Producer
- Answer choicesTagsAnswer choicesTags