Which of the following types of economic systems adopts the fewest new ideas or improvements?

Government owns the basic means of production, but there is some private ownership of businesses under:

Individuals and businesses own the means of production and distribution with limited government regulation in a __________ economy.

An example of a country that has a socialist command economy is:

Which of the following cultures has a traditional economic system?

A country that currently has a communist command economic system is:

What type of economic system is used in the United States?

The way in which an economic system answers the basic economic questions depends upon the country’s:

In a traditional economic system, the question of what to produce is answered by producing:

In a communist command economy, who decides how the economic questions will be answered?

In a socialist economic system, who tends to answer the question of how products will be produced?

What action do consumers take that determines what will be produced in a market economy?

Lack of economic growth is a major problem for __________ economic systems.

Communist command economies are most likely to experience which of the following problems?

A major problem for individuals and private businesses in a socialist command economy is:

Which of the following is a potential problem in market economies?

What are capital resources?

Oil, natural gas, and coal are:

Competition and profit motive are important characteristics of a:

What type of economic system is based on customs and beliefs?

If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy.

In this type of economy, the individual decides who to sell their products to:

I am a farmer in Africa, and have always traded for my goods. I have a _____ economy.

Mary Ann runs a car dealership selling only government produced cars and must give all of the money she has earned back to the government at the end of the month. What type of economy doe she work in?

Who or what answers the basic economic questions in a command economy?

What is an economic system?

What are the 3 economic questions?

What type of economic system is based cultural or religious beliefs and is often referred to as a subsistence economy?

Which of the countries listed below has a Command Economy?

Which of the countries below uses a Socialist Economy?

In which type of economy is whats produce, its price, and who gets the product determined solely by supply and demand?