Types of Economies

Front

Which type of economy is controlled by the government? Options: Command, Market, Mixed, Democratic

Back

Command

Front

Which type of economy is run by the businesses & business owners?

Back

Market

Front

Government owns resources and controls production, prices, and wages.

Back

command

Front

Prices and wages are determined by producer supply and consumer demand. What type of economy does this describe? Options: traditional, command, market, mixed

Back

market

Front

What type of economy does the United States have? Options: Traditional, Command, Unlimited, Market

Back

Market

Front

Resources are usually shared. Many use bartering to exchange goods and services. What type of economy does this describe? Options: traditional, command, market, mixed

Back

traditional

Front

Government regulates certain industries. Options: traditional, command, market, mixed

Back

mixed

Front

Economy is...

Back

the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

Front

A producer is...

Back

a person, company, or country that makes, grows, or supplies goods or commodities for sale.

Front

How would a free market economy be described? Options: 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 control, An economy that is communist

Back

An economy based on supply and demand with little or no government control