Economic Systems

Front

Which economic system allows for the most individual freedom? Options: Mixed, Market, Command, Traditional

Back

Market

Front

In which economic system does the government have the most control? Options: Traditional, Command, Mixed, Market

Back

Command

Front

In which economic system do individuals do things based on customs & beliefs?

Back

Traditional

Front

What is the economic system of most communist countries?

Back

Command

Front

How do traditional economies exchange goods?

Back

bartering

Front

Which country is closest to a true Market economy? Options: US, UK, Russia, Australia

Back

Australia

Front

Most democratic countries have which type of economic system?

Back

Mixed

Front

If your parents were soy bean farmers, then you would be a soy bean farmer too. What type of economy is this?

Back

Traditional

Front

Businesses (run by private citizens) determine what goods/services are produced and how they will be made.

Back

Market

Front

Businesses make economic decisions, but the government regulates them to make sure they’re safe/fair.

Back

Mixed