Economic Questions/Systems

The Chinese government tells business they need to use more computers in manufacturing goods.

Which economic question is being asked?

• What to produce

• For whom to produce

• How to produce

In my country my job is the same one that my family has done over the past 200 years.

• Traditional

• Command

• Market

• Mixed

What are the 3 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?

Which economy is only dictated by supply and demand and the buyers and sellers?

• Market

• Socilaism

• Mixed

• Command

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

• Traditional

• Command

• Market

• Mixed

The government has little to no role in the production of goods in this type of economy. 

• Traditional 
• Mixed
• Command 
• Market

In this type of economy, the government places control on businesses, but the individual decides what to make. 

• Mixed
• Market
• Command 
• Traditional

Katia is an accountant in a government run business where she was placed after graduation.

• Command
• Traditional
• Free Market
• Mixed

Sally works in a private company that has to follow government rules for public safety.

• Free Market
• Command
• Mixed
• Traditional

Who or what answers the basic economic questions in a mixed economy?

• Individuals and Businesses
• Government
• Custom
• Individuals, Businesses, and Government