7th Grade 10.28

Communist countries have what type of economic system?

• Market
• Mixed
• Command
• Traditional

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

• Market
• Mixed
• Traditional
• command

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

Burger King and McDonalds keep their prices low because of

• Competition
• Property Rights
• Limited Role of Government
• Freedom of Enterprise

How would a free market economy be described?

• An economy in which decisions are made by the government.
• The international exchange of goods.
• An economy based on supply and demand with little or no government control
• An economy that is communist

This type of government typically goes with the Command Economy.  

• Democracy
• Dictatorship
• Autocracy
• Communism

Based on the economic continuum pictures, which European economy is most free?

• Germany 
• Russia
• United Kingdom