4 Types of Economies

How many different types of economies are there?

• 1

• 2

• 3

• 4

Which type of economic system bases its decisions on custom?

• Market

• Command

• Mixed

• Traditional

Which type of economy is controlled by the government?

• Market

• Command

• Mixed

• Traditional

Which type of economy is run by the businesses and business owners with no government involvement?

• Market

• Command

• Mixed

• Traditional

Which type of economy is based on traditions and beliefs?

• Market

• Command

• Mixed

• Traditional

Which type of economy would most likely have a dictator?

• Market

• Command

• Mixed

• Traditional

What type of economy does the United States have?

• Command

• Traditional

• Mixed

• Market

Which type of economy involves trading, and doesn't usually use money?

• Market

• Command

• Mixed

• Traditional

Which type of economy has the government making all decisions?

• Market

• Command

• Mixed

• Traditional

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

• Market

• Command

• Mixed

• Traditional