Economic Systems in Europe

Front

All economic decisions are based on customs, traditions, & beliefs of the past.

Back

Traditional

Front

Trading without using money

Back

Bartering

Front

All economic decisions are made by the
Government.

Back

Command

Front

There are still pure command economies in the world today.

Back

False

Front

These countries are closest to which economic system: Cuba, Soviet Union, North Korea, & former East Germany?

Back

Command

Front

The government has no control over the economy; private citizens answer all economic questions. What type of economy is this?

Back

Market

Front

There are no PURE market economies, but some countries are closer than others. True or False?

Back

True

Front

Most democratic countries have some characteristics of both command and market; so we call those economies....

Back

Mixed

Front

The United Kingdom has a _________________.

Back

Mixed

Front

____________________ is closer to a Market economy than any other European country.

Back

United Kingdom