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- 1. Multiple Choice
Which type of economic system bases its decisions on custom?
Market Economy
Mixed Economy
Command Economy
Traditional Economy
- 2. Multiple Choice
Which type of economy has central ownership and lack of individual choice?
Market Economy
Mixed Economy
Command Economy
Traditional Economy
- 3. Multiple ChoiceWhich type of economy is controlled by the government?CommandMarketMixedDemocratic
- 4. Multiple ChoiceWhich type of economy is run by the businesses & business owners?CommandMixedCommunistMarket
- 5. Multiple ChoiceGovernment owns resources and controls production, prices, and wages.traditionalcommandmarketmixed
- 6. Multiple ChoicePrices and wages are determined by producer supply and consumer demand.traditionalcommandmarketmixed
- 7. Multiple ChoiceWhat type of economy does the United States have?TraditionalCommandUnlimitedMarket
- 8. Multiple ChoiceResources are usually shared. Many use bartering to exchange goods and services.traditionalcommandmarketmixed
- 9. Multiple ChoiceGovernment regulates certain industries.traditionalcommandmarketmixed
- 10. Multiple ChoiceIndividuals own most resources and determine what and how to produce.traditionalcommandmarketmixed
- Answer choicesTagsAnswer choicesTags