Europe: Countries Economies

Front

In a traditional economy, how are economic decisions made?

Back

Custom and habit

Front

In a command economy, how are economic decisions made?

Back

Government planners

Front

In a market economy, who makes the economic decisions?

Back

Consumers and the market

Front

Why do most economies in the world today operate somewhere in between a market economy and a command economy?

Back

Most economies have found they need a mix of free market and some government control to be successful and protect consumers.

Front

The economies of the United Kingdom, Germany and Russia could best be described as

Back

Mixed

Front

Which statement best describes the economic system for the United Kingdom? Options: Traditional Economy, Pure Command Economy, Pure Market Economy, Mixed Economy, Market-Leaning, Mixed Economy, Command-Leaning

Back

Mixed Economy, Market-Leaning

Front

Which statement best describes the economic system for Germany? Options: Traditional Economy, Pure Command Economy, Pure Market Economy, Mixed Economy, Market-Leaning, Mixed Economy, Command-Leaning

Back

Mixed Economy, Market-Leaning

Front

Which statement best describes the economic system for Russia? Options: Traditional Economy, Pure Command Economy, Pure Market Economy, Mixed Economy, Market-Leaning, Mixed Economy, Command-Leaning

Back

Mixed Economy, Market-Leaning

Front

Which country is the most mixed-market?

Back

United Kingdom

Front

Which country is the least mixed-market? Options: United Kingdom, Germany, Russia

Back

Russia