Economic Types

Economic Types

Assessment

Flashcard

Other

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

People and businesses act in their own best interests. What type of economy does this describe? Options: Command, Traditional, Market, Mixed

Back

Market

2.

FLASHCARD QUESTION

Front

Command, Free enterprise, and Socialism are all ...

Back

Economics systems

3.

FLASHCARD QUESTION

Front

Economic activity is planned out by the government, with people having little influence.

Back

Command

4.

FLASHCARD QUESTION

Front

Economic activity is based on tradition with roles determined by previous generations.

Back

Traditional

5.

FLASHCARD QUESTION

Front

Government passes laws to protect the worker and provide the people with what they want. What type of economy is this? Options: Command, Traditional, Market, Mixed

Back

Mixed

6.

FLASHCARD QUESTION

Front

What economic type does the USA have? Options: Command, Traditional, Market, Mixed

Back

Mixed

7.

FLASHCARD QUESTION

Front

There are no pure forms of Command or Market economies in the world.

Back

True

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