Economic Systems Quiz

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 a command economy, who holds power over the economy?

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

What are the 3 basic economic questions?

• What to produce? How To Produce? For whom to produce?

• Who to produce? Why you produce? Like to produce?

• Why to produce? Tell who to produce? Things to produce?

If the government makes me produce 70 T-Shirts, what economic system is this?

• Mixed

• Traditional

• Command

• Market

The four types of economic systems are: 

• Traditional, Command, Mixed, & Market
• Traditional, Command, Combined, & Market
• Communism, Capitalism, Free Market, and Macroeconomics
• Microeconomics, Macroeconomics, Individual, and Traditional.

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

• Traditional

• Command

• Market

• Mixed

People in a ________ economy are free to decide how to use land, labor, and capital.

• Traditional

• Mixed

• Market

• Command

This type of government typically has a command economy.

• Democracy

• Dictatorship

• Autocracy

• Communism

_______ is another word for Market Economy. 

• Capitalism 
• Communism