Economic Systems

Front

In my country, central planners decide when we should expand old factories and build new ones.

Back

Command

Front

In my country my job is the same one that my family has done over the past 200 years.

Back

Traditional

Front

In a command economy, who holds power over the economy?

Back

The government 

Front

What are the 3 basic economic questions?

Back

What to produce? How To Produce? For whom to produce?

Front

If the government makes me produce 70 T-Shirts, what economic system is this?

Back

Command

Front

What economic system is it if I produce fish for my town because my parents were fishermen/women?

Back

Traditional

Front

The four types of economic systems are: Traditional, Command, Mixed, & Market, Traditional, Command, Combined, & Market, Communism, Capitalism, Free Market, and Macroeconomics, Microeconomics, Macroeconomics, Individual, and Traditional.

Back

Traditional, Command, Mixed, & Market

Front

Most economies are _____.

Back

Mixed

Front

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

Back

Market

Front

This type of government typically has a command economy.

Back

Communism