SE Asia Economies

In a command economy, economic decisions are made by the ___________.

• consumers

• market

• government

• producers

Most democratic nations have _______ economies.

• mixed

• traditional

• command

• market

The biggest companies in China are all privately owned.

• True

• False

What are the three economic questions that every country must answer?

• What to produce, How to produce, and for whom to produce

• Who, What, When, Where, and Why

• How do we make the most money?

What type of economic system is found in Japan?

• Mixed market

• Command

• Market

• Traditional

How does a traditional economy exchange goods?

• By stealing

• By the government telling the people what to exchange

• By paying for goods

• By bartering- trading without using money

South Korea has a command economic system.

• False

• True

Which characteristic is PRIMARILY associated with a command economy?

• competition among suppliers in the market
• 
  free access to the marketplace for producers
• 
  centralized decision making about what will be produced
• competition in the marketplace to provide consumer choice

In this type of economy, the individual decides who to sell their products to.  

• Traditional 
• Mixed 
• Market
• Command

If I choose to produce fish for my town because my mom and dad were fishermen/women, what economic system is this?

• Mixed
• Market
• Traditional
• Command