SW Asia Economics Review

Front

Which of the following is NOT a type of economy? Command, Market, Traditional

Back

Democracy

Front

Which of the following is NOT an economic question to answer?
What to produce?
Where to produce?
How to produce?
From whom to produce?

Back

Where to produce?

Front

Which is an example of a traditional (old, ancestry,customs) economy? Options: United States, North Korea, Cuba, Uncivilized Tribes

Back

Uncivilized Tribes

Front

Which is an example of a market (free, liberty, buyers & sellers) economy?

Back

United States

Front

Which is an example of a command (government control, basically no freedom) economy?

Back

North Korea

Front

In a command economy, "who" makes all economic decisions?

Back

The government

Front

Which type of economic system bases its decisions on customs and habits? Options: Market Economy, Mixed Economy, Command Economy, Traditional Economy

Back

Traditional Economy

Front

Which type of economy is run by the businesses & business owners?

Back

Market

Front

Which type of economy involves bartering, and doesn't involve a form of money?

Back

Traditional

Front

Most countries have a mixed economy with one part of the mix being dominant. True or False?

Back

True