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- 1. Multiple ChoiceWhat type of economic system allows the government to decide what to produce, how to produce and for whom to produce?MarketMixedCommandTraditional
- 2. Multiple ChoiceWhat type of economic system allows the government to decide what to produce, how to produce and for whom to produce?MarketMixedCommandTraditional
- 3. Multiple ChoiceWhat type of economic system is based on customs and beliefs?MarketMixedTraditionalcommand
- 4. Multiple ChoiceThe four types of economic systems are:Traditional, Command, Mixed, & MarketTraditional, Command, Combined, & MarketCommunism, Capitalism, Free Market, and MacroeconomicsMicroeconomics, Macroeconomics, Individual, and Traditional.
- 5. 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?What to produce? How to produce? When to produce?
- 6. Multiple ChoiceWhat type of economy do most countries in the world have?Market economyCommand economyTraditional economyMixed economy
- 7. Multiple Choice
There are four types of economic systems. Most economies are _____.
Traditional
Command
Market
Mixed
- 8. Multiple Choice
Oil, natural gas, and coal
human resources
natural resources
entrepreneurship
capital resources
- 9. Multiple ChoiceIf 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.TraditionalMarketCommandMixed
- 10. Multiple ChoiceIn this type of economy, the individual decides who to sell their products to.TraditionalMixedMarketCommand
- 11. Multiple ChoiceI am a farmer in Africa, and have always traded for my goods. I have a _____ economy.TraditionalCommandMarketMixed
- 12. Multiple Choice
A _________ economy is a market-based system in which the government is involved to some extent.
Traditional
Planned/command
Mixed
Free Market
- 13. Multiple ChoiceWho or what answers the basic economic questions in a mixed economy?Individuals and BusinessesGovernmentCustomIndividuals, Businesses, and Government
- 14. Multiple ChoiceWho or what answers the basic economic questions in a command economy?Individuals and BusinessesGovernmentCustomIndividuals, Businesses, and Government
- 15. Multiple ChoiceWho or what answers the basic economic questions in a free market economy?Individuals and BusinessesGovernmentCustomIndividuals, Businesses, and Government
- Answer choicesTagsAnswer choicesTags