7th grade economic country

What type of economic system allows government and private businesses to make economic decisions?

• Market
• Mixed
• Traditional
• command

What type of economic system allows private businesses to decide what to produce, how to produce and for whom to produce?

• Market
• Mixed
• Command
• Traditional

Communist countries have what type of economic system?

• Market
• Mixed
• Command
• Traditional

 A system that uses bartering or trading.

• Mixed
• Market
• Traditional
• command

The economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors.  This is what kind of economy? 

• Traditional 
• Market 
• Command 
• Centrally planned 

The advantages of a Market Economy is

• competition
• economical and political freedom
• specialisation
• voluntary exchange

When consumers spend money, they get... 

• sell labor, land, capital, etc
• sell goods and services 
• buy goods and services

An economic system in which the government makes all economic decisions is ___________.

• Traditional economy
• Market economy
• Centrally planned economy
• Command economy

A centrally planned economy makes all the economic decisions

• True
• False

There are no pure market economies in the world.

• true 
• false