F/C: Types of Economies

Which type of economy relies on the government to make all of the economic decisions?

• Market Economy

• Mixed Economy

• Command Economy

• Traditional Economy

Which type of economic system bases its decisions on customs and traditions?

• Market Economy

• Mixed Economy

• Command Economy

• Traditional Economy

Which type of economy is controlled by the government?

• Command

• Market

• Mixed

• Democratic

Which type of economy is run by consumers who determine what they want to make without any government control?

• Command

• Mixed

• Communist

• Free Market

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

• Command

• Traditional

• Free Market

• Mixed

Under a command system, who owns the factors of production?

• Consumers
• Elders
• Government
• Businesses

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

• Mixed
• Traditional
• Command
• Market

In a ______________ economic system, customs and traditions determine what and how to produce.

• traditional

• command

• market

• mixed

In a ______________ economic system, the government owns resources and controls production, prices, and wages.

• traditional

• command

• market

• mixed

Economy is...

• make (something needed or wanted) available to someone; provide
• the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
• arrange for (a room, seat, ticket, etc.) to be kept for the use of a particular person and not given to anyone else.
• Hallo

Tags

CCSS.RI.5.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RL.5.1

CCSS.RL.6.4