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- 1. Multiple ChoiceWhich type of economy is controlled by the government?CommandMarketMixedDemocratic
- 2. Multiple ChoiceWhich type of economy is run by the businesses & business owners?CommandMixedCommunistMarket
- 3. Multiple ChoiceGovernment owns resources and controls production, prices, and wages.traditionalcommandmarketmixed
- 4. Multiple ChoicePrices and wages are determined by producer supply and consumer demand.traditionalcommandmarketmixed
- 5. Multiple ChoiceWhat type of economy does the United States have?TraditionalCommandUnlimitedMarket
- 6. Multiple ChoiceResources are usually shared. Many use bartering to exchange goods and services.traditionalcommandmarketmixed
- 7. Multiple ChoiceGovernment regulates certain industries.traditionalcommandmarketmixed
- 8. Multiple Choice
Economy is...make (something needed or wanted) available to someone; providethe wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.arrange for (a room, seat, ticket, etc.) to be kept for the use of a particular person and not given to anyone else.Hallo - 9. Multiple ChoiceA producer is...a person, company, or country that makes, grows, or supplies goods or commodities for sale.A personMarsthe state of being scarce or in short supply; shortage.
- 10. Multiple ChoiceHow would a free market economy be described?An economy in which decisions are made by the government.The international exchange of goods.An economy based on supply and demand with little or no government controlAn economy that is communist
- 11. Multiple Choice
Most countries have a mixed economy
True
False
- 12. Multiple ChoiceIf the government makes me produce 70 T-Shirts, what economic system is this?MixedTraditionalCommandMarket
- 13. Multiple Choice
In this economy you might see part of two very different types of economies.
Free Market
Command
Traditional
Mixed
- 14. Multiple Choice
In a command economy, which group tends to hold the most control?
Government
Businesses
Citizens
Corporations
- 15. Multiple Choice
Which of the following would be examples of countries with a command economy?
China
India
France
North Korea
- 16. Multiple Choice
In a command economy, who keeps all of the profits?
Government
Citizens
Businesses
None of the above
- 17. Multiple Choice
In a market economy, the citizens and "who else" act in self-interest.
Government
Businesses
Universities
All of the above
- 18. Multiple Choice
The hands off type of economy is often call laissez-faire. Which of the following is accurate in this type of economy?
The government has total control of the economy.
The government has total control of the citizens.
The government only gets involved to make a profit.
The government does not get involved with the economy.
- 19. Multiple Choice
In this type of economy there is a desire to make sure the government does not get too powerful.
Traditional
Command
Free Market
Mixed
- 20. Multiple Choice
These two countries are considered examples of having a mixed economy.
France
India
China
North Korea
- Answer choicesTagsAnswer choicesTags