Types of Economic Systems

Front

In my country, the government decide when we should expand old factories and build new ones.

Back

Command

Front

In my country my job is the same one that my family has done over the past 200 years.

Back

Traditional

Front

In my country, the government controls the economy. It assigns jobs, sets production goals, and decides wages.

Back

Command

Front

In my country, the government has some involvement in the economy.

Back

Mixed

Front

In my country, the government makes all the economic decisions.

Back

Command

Front

In my country, the government tells me where to work.

Back

Command

Front

In my country we have no need for money. By custom, some of us hunt, others farm.

Back

Traditional

Front

In my country, there is little economic growth because we do not use any new technologies. What type of economy does this describe? Options: Traditional, Command, Market, Mixed

Back

Traditional

Front

An economic system in which individuals and businesses make decisions about what to produce.

Back

Market economy

Front

Which provides the greatest incentive for entrepreneurs to take risks? Options: prices, inflation, profits, interest

Back

profits