Economic systems

The four types of economic systems are: 

• Traditional, Command, Mixed, & Market
• Traditional, Command, Combined, & Market
• Communism, Capitalism, Free Market, and Macroeconomics
• Microeconomics, Macroeconomics, Individual, and Traditional.

Which of the following is an economic system in which the government and people are used to decide how to use scarce resources?

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

Which of the following is an economic system in which economic decisions are made according to social roles & culture?

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

Capitalism flourishes here in this economic system.

• Traditional
• Market
• Command
• Mixed

In 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 

If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy. 

• Traditional 
• Market 
• Command 
• Mixed

The cottage industry system involved manufacturing - 

• of hand made luxury goods
• in the home
• steam engines and other cottage -sized macines
• cheese and pastries

Farmers that produce food that they need to survive on a daily basis are called

• Commercial agriculture
• Industrial agriculture
• Slash-and-burn agriculture
• subsistence agriculture

Production of agricultural products for the market is called:

• hunting and gathering
• sedentary cultivation
• subsistence agriculture
• commercial agriculture

Fishing, Mining, Farming, and Forestry are examples of what economic activity?

• Primary
• Secondary
• Teritiary
• Quaternary