Economic Systems

an economic system in which the three main economic questions are answered by the government

• command economy
• market economy
• mixed economy
• monopoly

economic system in which the three main economic questions are answered by the interaction of buyers and sellers

• market economy
• command economy
• mixed economy
• monopoly

combination of command and market economy

• mixed economy
• command economy
• market economy
• monopoly

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.

A command economy is when the government is in control.

• True
• False

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

This type of government typically goes with the Command Economy.  

• Democracy
• Dictatorship
• Autocracy
• Communism

_______ is another word for Market Economy. 

• Capitalism 
• Communism

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

• Traditional 
• Command 
• Market
• Mixed

If your parents were potato farmers, then you would be a potato farmer too in this type of economic system.

• market

• command

• traditional

• mixed