Economic Systems Quiz

What is GDP?

• The market value of the goods and services produced by a Country's economy and compare it to other countries
•  Grand Opening Procedure
• Germany Departing Poland 
• The grossness of a country an compare it by other countries

What Is an Entrepreneur?

• Person who runs their own company and take risks
• Computer Engineer
• Person who brings entrees to the table
• Person who eats entrees

Name all the economies

• Command, mixed, market, traditional

• Parliamentary and Democracy

• U.S, Canada, Europe and Mexico

• Red, Blue, Orange and Green

What is Our Economy in the United States?

• Mixed

• Traditional

• Market

• Command

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

• Traditional
•  Command
• Mixed
• 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

There are four types of economic systems. Most economies are _____.

• Traditional

• Command

• Market

• 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

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

• Traditional 
• Command 
• Market
• Mixed