Economic Systems

Which economic system do you think consumers (like you) would like the most?

• traditional

• command

• market

• mixed

A market economy has ____ ownership of property and resources.

• private

• government

• tribal

• market

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

In this type of economy, the individual decides who to sell their products to.  

• Traditional 
• Mixed 
• Market
• Command

The government has little to no role in the production of goods in this type of economy. 

• Traditional 
• Mixed
• Command 
• Market

_______ is another word for Market Economy.

• Capitalism

• Communism

• Socialism

• Traditionalism

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

• Traditional

• Command

• Market

• Mixed

What is the economy when you go hunt just like your father

• Traditional
•  Command
• Mixed
• Market

The government has total control in this economy:

• Command

• Traditional

• Mixed

• Market

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.