11b

In what type of economy are decisions based on customs and history?

• Command

• Traditional

• Free Market

• Mixed

What type of economy has the highest level of competition and choice?

• Free Market

• Command

• Mixed

• Traditional

In what type of economy does the government make most economic decisions?

• Mixed

• Free Market

• Command

• Traditional

What type of economy has decisions made by both private individuals and the government?

• Command

• Mixed

• Free Market

• Traditional

What is the most common economic system in the world today?

• Free Market

• Mixed

• Command

• Traditional

What type of economy does the United States have?

• Free Market

• Command

• Traditional

• Mixed

Because of consumer sovereignty, what will a business do if customers stop buying a product?

• The business will make more of that product

• The business will stop making that product

• The business will do nothing. Customers don't matter.

In what type of economy does the government leave businesses alone so they can focus on make the largest profit possible?

• Command

• Free Market

• Mixed

• Traditional

What type of government is divided into a public sector and a private sector?

• Command

• Free Market

• Traditional

• Mixed

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

• Traditional
• Market
• Mixed
• Command