Types of Economies
Authored by Jessica Toomey
Social Studies
10th - 12th Grade
Used 50+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buyers and sellers compete amongst each other, allowing market to set prices
Market
mixed market
traditional
command
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Competition is limited and controlled by the government
market
mixed market
traditional
command
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Individual buyers and sellers own resources and receive profits (gov't) get taxes
market
mixed market
command
traditional
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
government owns the resources and attempts to distribute profits evenly
market
mixed market
command
traditional
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
people are free to make most decisions (what business to own, where to work, what to sell, etc)
command
market
mixed market
traditional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
enterprise controlled by government , very little personal freedom; black markets (illegal) exist)
market
mixed market
traditional
command
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
people have a wide variety of choices but are limited by their own personal resources
market
mixed market
command
traditional
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