economic systems

The government wants to encourage people to open their own businesses. The government offers new small business owners loans to get their business off the ground. What type of economy would this happen in? 

•  Market
• Traditional
• Mixed
• Command

What is an economic system where only the government makes the economic decisions? 

• traditional economy
• free enterprise 
• mixed economy
• command economy

What type of economy do most countries in the world have?

• Market economy
• Command economy
• Traditional economy
• Mixed economy

If the government makes me produce 70 T-Shirts, what economic system is this?

• Mixed
• Traditional
• Command
• Market

The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

• Traditional 
• Market 
• Command 
• Centrally Planned 

I am a farmer in Africa, and have always traded for my goods.  I have a _____ economy. 

• Traditional 
• Command 
• Market
• Mixed

If I work at my friend's pizzeria and he has to pay me the state minimum wage of $8.00 an hour what type of economy do I live in? 

• Mixed
• Market
• Traditional
• Command

In which economic system could an individual make their own economic choices?

• Command
• Market
• mixed
• traditional

What type of economic system is based on trading?

• Market
• Mixed
• Traditional
• command

If I am allowed to open up a business and determine what items will be sold what type of economy am I? 

• Traditional 
• Market 
• Command 
• Mixed