Economy

What type of Economy is based on 'old fashioned ways' or farming?

• Traditional
• Market
• Mixed
• Command

Cuba is an example of what type of economy?

• Traditional
• Command
• Market
• Unlimited

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

• Market
• Mixed
• Traditional
• command

 A system that uses bartering or trading.

• Mixed
• Market
• Traditional
• command

North Korea, who has a dictator that makes most of the economic decisions is what kind of economy?

• Traditional 
• Market 
• Command 
• Centrally Planned 

A Mixed Economy is...

• A mixture of Command and Market

• A mixture of Traditional and Command

• A mixture of salt and pepper

• A mixture of Command and Mixed

What is bartering?

• A product
• Giving money away
• Trading without  using money

What are the three economic questions asked when creating the economic plan?

• Where? When? How?

• What? How? When?

• What? How? Who?

Scarcity is the _________ supply of something.

• unlimited

• limited

• abundance

Communist countries have what type of economic system?

• Market
• Mixed
• Command
• Traditional