Economic Systems

In my country, central planners decide when we should expand old factories and build new ones.

• Traditional

• Command

• Market

• Mixed

In my country my job is the same one that my family has done over the past 200 years.

• Traditional

• Command

• Market

• Mixed

In my country, the government makes all the economic decisions.

• Traditional

• Command

• Market

• Mixed

,In my country, the government tells me where to work.

• Traditional

• Command

• Market

• Mixed

In a command economy, who holds power over the economy?

• The people
• The government 
• Beyonce
• The traditions of your ancesetors 

In my country we have no need for money. By custom, some of us hunt, others farm, and we are all taken care of.

• Traditional

• Command

• Market

• Mixed

To trade goods

• Taxes

• Barter

• Service

• Producer

__________ : when people want or need more of something than there is.

• Scarcity

• Profit

• Opportunity Cost

• Tax

I have a problem with having enough resources. What basic question of economics solves this? 

• What to produce?
• How to produce?
• When to produce? 
• For whom to produce? 

Society will never be able to satisfy all wants and ____.

• desires
• needs
• hungers
• money problems