European Economics

Front

What are the four types of economies? Options: Traditional, Command, Market, and Mixed

Back

Traditional, Command, Market, and Mixed

Front

In what economy are all resources shared?

Back

Traditional

Front

In what economy are all the resources owned or regulated by the government?

Back

Command

Front

In what economy are resources owned by individuals?

Back

Market

Front

In what economy are the resources balanced between government and individual ownership?

Back

Mixed

Front

What are the three economic questions every country must answer?

Back

What to produce, How to produce it, and Whom to produce for?

Front

In a command economy who answers the three main economic questions?

Back

the government

Front

In a market economy who answers the three main economic questions?

Back

individual

Front

In a mixed economy who answers the three main economic questions? Options: the individual, the government, both the individual and the government, the group

Back

both the individual and the government

Front

In a traditional economy who answers the three main economic questions? Options: the individual, the government, both the individual and the government, the group

Back

the group