Quick Check Types of Economy

Flashcard
•
Social Studies
•
7th Grade
•
Hard
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5 questions
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1.
FLASHCARD QUESTION
Front
The government controls the prices in this type of economy
Back
Command
2.
FLASHCARD QUESTION
Front
This type of economy is based on customs
Back
Traditional
3.
FLASHCARD QUESTION
Front
What is a characteristic of a market economy? Options: lack of choice, individual choice, competition, central ownership of property
Back
competition
4.
FLASHCARD QUESTION
Front
Which type of economy involves trading, and doesn't usually use money? Options: Command, Traditional, Market, Mixed
Back
Traditional
5.
FLASHCARD QUESTION
Front
If I produce meat but, the government has to check to make sure I can put this product on the market, what economic system is this? Options: Mixed, Traditional, Market, Command
Back
Mixed
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