Types of Economic Ststems
Authored by Haldit Petrie
Business
12th Grade
Used 5+ times
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16 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
In my country, business is based on competition. Success comes from doing something better and cheaper than your competitors.
Traditional
Command
Market
Mixed
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In my country, central planners decide when we should expand old factories and build new ones.
Traditional
Command
Market
Mixed
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
In my country, I know that all my needs will be met, but not my wants.
Traditional
Command
Market
Mixed
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In my country my job is the same one that my family has done over the past 200 years.
Traditional
Command
Market
Mixed
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In my country, the government controls the economy. It assigns jobs, sets production goals, and decides wages.
Traditional
Command
Market
Mixed
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
In my country producers decide what and how much to make based on what people want to buy.
Traidtional
Command
Market
Mixed
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In my country, the government has some involvement in the economy.
Traditional
Command
Market
Mixed
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