Santa provides identical gifts to all children as determined by a central holiday planning committee. What type of economy is this?

Christmas Themed Economic Systems Trivia

Flashcard
•
Social Studies
•
6th Grade
•
Hard
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50 questions
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1.
FLASHCARD QUESTION
Front
Back
Command Economy
2.
FLASHCARD QUESTION
Front
A Christmas market allows vendors to sell handmade goods at prices determined by supply and demand. What type of economy is this?
Back
Market Economy
3.
FLASHCARD QUESTION
Front
Families exchange cookies and crafts as part of a long-standing holiday tradition. What type of economy is this?
Back
Traditional Economy
4.
FLASHCARD QUESTION
Front
The government regulates the price of Christmas trees and subsidizes them for low-income families, but families can choose from private sellers. What type of economy is this?
Back
Mixed Economy
5.
FLASHCARD QUESTION
Front
Santa's gift production is controlled by the government, which decides the distribution of presents. What type of economy is this?
Back
Command Economy
6.
FLASHCARD QUESTION
Front
Children trade toys they received last year to get new ones for this Christmas. What type of economy is this?
Back
Traditional Economy
7.
FLASHCARD QUESTION
Front
A business sells customized stockings at a competitive price, and buyers determine the market value. What type of economy is this?
Back
Market Economy
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