Government and intro to econ

A command economy is when the government is in control.

• True
• False

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

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

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 

Which type of economy involves trading, and doesn't usually use money?

• Command
• Traditional
• Market
• Mixed

Which type of economy does the USA have?

• Mostly Market
• Mostly Mixed
• Mostly Command
• Mostly Traditional

What are the 3 economic questions?

• What to produce? How To Produce? For whom to produce?
• Who to produce? Why you produce? Like to produce?
• Why to produce? Tell who to produce? Things to produce?

Which type of economy is citizen controlled?

• Traditional

• Command

• Market

• Mixed

Which type of government do we have in the United States?

• Monarchy
• Democracy
• Dictatorship