Government in Economic Systems

Open Ended

What are two different ways economic systems are classified?

Open Ended

What are the five characteristics of pure capitalism?

Open Ended

Why is the economy of the United States not a pure capitalist system?

Drag and Drop

What is the study of how people and nations use their limited resources to attempt to satisfy wants and needs?

Placeholder

Drag these tiles and drop them in the correct blank above

Economics

Sociology

Psychology

Anthropology

Dropdown

Which of the following factors of production refers to the money or resources necessary to purchase or invest in production?

Select answer

Drag and Drop

In an economic system, who are the risk-taking individuals who use or combine the factors of production in search of profits?

Placeholder

Drag these tiles and drop them in the correct blank above

Entrepreneurs

Consumers

Producers

Distributors

Drag and Drop

What are the three key questions that all economic systems must answer?

Placeholder

Drag these tiles and drop them in the correct blank above

What, when, and where

Who, where, and how

Who, what, and how

What, how much, and when

Drag and Drop

Which economic system emphasizes private ownership of the factors of production, freedom of choice, and individual incentives?

Placeholder

Drag these tiles and drop them in the correct blank above

Socialism

Communism

Capitalism

Mixed Economy

Dropdown

What is the theory that suggests the government should keep its hands out of the economy?

Select answer

Dropdown

Which economic system involves a combination of elements from socialism and capitalism?

Select answer

Drag and Drop

In socialism, who determines how resources are used?

Placeholder

Drag these tiles and drop them in the correct blank above

Producers

Consumers

Entrepreneurs

Government

Drag and Drop

Which economic system involves the government deciding how much to produce, what to produce, and how to distribute the goods and services produced?

Placeholder

Drag these tiles and drop them in the correct blank above

Capitalism

Socialism

Communism

Mixed Economy

Dropdown

Which country is an example of a pure Communist nation?

Select answer