Wyatt CE 11b Economic Systems

Mason loves science and wants to become a doctor but he is learning how to make clay bricks like his father and grandfather.

• Free Market

• Traditional

• Mixed

• Command

Arshae is an accountant in a government run business where she was placed after graduation.

• Command

• Traditional

• Free Market

• Mixed

Georgia runs a car dealership selling only government produced cars. At the end of the month Georgia must give all of the money she made back to the government.

• Traditional

• Free Market

• Mixed

• Command

Nasir owns a shoe store. At the end of the month Nasir decides what to do with his profits.

• Command

• Free Market

• Traditional

Nike and Under Armour sell similar products.  This leads to a decrease in price and an increase in quality.

• Free Market
• Command
• Traditional

Sarah Alicia would like to become a doctor when she grows up. Unfortunately, she lives in a country where her job will be decided for her by the government.

• Traditional

• Free Market

• Mixed

• Command

MIchael is working towards his dream of becoming a lawyer by working at a law firm as a legal clerk.

• Free Market

• Traditional

• Command

Krishanda works in a private company that has to follow government rules for public safety.

• Free Market

• Command

• Mixed

• Traditional

Who or what answers the basic economic questions in a mixed economy?

• Individuals and Businesses
• Government
• Custom
• Individuals, Businesses, and Government

Who or what answers the basic economic questions in a traditional economy?

• Individuals and Businesses
• Government
• Custom
• Individuals, Businesses, and Government