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Economics Chapter 2

Economics Chapter 2

Assessment

Presentation

Other

12th Grade

Hard

Created by

Melissa Oatman

Used 1+ times

FREE Resource

12 Slides • 4 Questions

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Economics Chapter 2

by Melissa Oatman

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​Traditional Systems

​Things are done the way they have always

been done.

​If your father was a fisherman,

you became a fisherman too.

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​Command Systems

​The individual has little or no influence over how

the basic economic questions are answered.

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​Market Systems

​The opposite of a pure command economy. Economic decisions are made by individuals looking out for their own family's best interests.

​The advantages are that people have the freedom to choose.

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Multiple Choice

What type of economic system does China have?

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Traditional

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Command

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Market

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Mixed

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Multiple Choice

What type of system do Nomadic herders in the Andes have?

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Command

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Traditional

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Market

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Mixed

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Multiple Choice

A market system is also called

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communism

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capitalism

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socialism

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marxism

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Multiple Choice

The United States has which type of economic system.

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command

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market

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mixed

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traditional

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Economics Chapter 2

by Melissa Oatman

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