Economies

Which of these is one of the three questions of economics?

• What to produce?
• Who to produce?
• Why to produce?
• When to produce?

Which type of economy has you to do what your ancestor did?

• Command
• Market
• Traditional
• Mixed

Which type of economy makes the government have full control?

• Traditional
• Mixed
• Command
• Market

Which type of economy lets the consumers handle their own business?

• Market
• Mixed
• Command
• Traditional

True/False
Command and traditional are the same

• False
• True

Government controls all aspects of economy
Example: The government owns most of the property, sets the prices of goods, determines the wages of workers, plans what will be made…everything 

• command
• market
• traditional 

What are the 3 basic economic questions all economies must answer?

• Who? What? When? Where?
• Who? When? Why?
• What to produce? How to produce? For whom to produce?
• What to produce? Why to produce? How to produce

Economy based on what their parents have always done and what their parents have always done.

• command
• market
• traditional 

A government with no individual economic freedom in a country would have an economic system of:

• command
• market
• mixed

A country with complete economic freedom and no government control would be:

• command
• market
• mixed
• traditional