Econ Transitions

In this type of economic system decisions are made by individuals and buisinesses

• command 
• free market 
• centrally planned 
• traditional 

In this economic system the government makes all economic decisions & owns most of the property 

• mixed 
• command 
• tradtional 
• free market 

My mom had to have surgery.  Luckily she won’t have to pay the medical bills since she went to the government-run hospital.  They even gave her the prescriptions at no cost.

• equity
• security
• freedom
• efficiency

I decided to attend a specialty high school that offered experience in fixing cars so I could be an auto mechanic when I get older.  I’ve wanted to be one since I was a little kid.

• security
• equity
• stability
• freedom

In my Native American tribe, we use the skin of the buffalo for teepees, the fur for blankets, the meat for food, and the bones for tools.

• Freedom
• Efficiency
• Growth
• Security

What are the four types of economies?

• command, demand, capitalist, communism
• traditional, command, market, mixed
• mixed, market, traditional, primary
• None of the above 

The following are all economic goals except :

• Effiency
• freedom
• Security and innovation
• Growth and equity

In this economy decisions are based on customs & beliefs 

• traditional 
• command 
• market 
• mixed 

A country decides to give its citizens more choices in opening businesses and in the products available.  Which economic goal are they trying to achieve?

• Growth
• Efficiency
• Stability
• Freedom

Which economic goal involves increasing the output of goods and services over time?

• Freedom
• Stability
• Growth
• Equity