Economic Systems

This economic system is based on individual freedom.

• Traditional

• Command

• Market

This economic system is controlled by the government.

• Traditional

• Command

• Market

Today, most economies are:

• Market
• Traditional
• Mixed
• Command

In this type of economy, the government places control on businesses, but the individual decides what to make. 

• Mixed
• Market
• Command 
• Traditional

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

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

In the economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors.  This is what kind of economy? 

• Traditional 
• Market 
• Command 
• Centrally planned 

Where does a free market economy work best?

• In a country with lots of government intervention
• In a country where businesses make their own decisions with no government help
• In a country with some regulations on businesses

Which is NOT an economic goal of the free market?

• Economic efficiency
• Economic freedom
• Economic growth and innovation
• Economic equity