Economics

Buyers and sellers make the decisions.

• Traditional

• Communist

• Free Enterprise System

• Socialist

Supply and demand determines how much an item costs.

• Traditional

• Communist

• Free Enterprise System

• Socialist

Which type of economy is based on traditions and beliefs?

• Command
• Market
• Traditional
• Mixed

Which type of economy is usually paired with a Communist government?

• Mixed
• Market
• Command
• Traditional

Which type of economy is run by the businesses & business owners?

• Command
• Mixed
• Communist
• Market

What type of economy does the USA have?

• Mixed
• Market
• Command
• Traditional

Types of shelter, language and entertainment are all examples of what?

• government

• geography

• culture traits

• universal studios

Who is an entrepreneur in the list below?

• farmer

• bulldozer

• business owner

• employee

Who controls everything in a COMMAND (communist) economy?

• the people

• the world

• the government

• the poor

Most people in a developing country work in which level of industry?

• Secondary (manufacturing)

• Tertiary (selling)

• Primary (agriculture)

• Quarter (1/4 a dollar)