Unit 4 Europe Economy

Which is not a type of economy?

• Command

• Market

• Mixed

• Controlled

In which type of economy does the government make all decisions about what can be bought and sold?

• traditional

• command

• market

• mixed

In a __________ economy, the people (consumers and producers) make the decisions on what is produced and sold based on supply and demand.

• mixed

• market

• command

• traditional

In a __________ economy, customs and traditions of the past decide what and how goods and services are produced and sold.

• mixed

• market

• command

• traditional

An _________ is the way a country decides what and how goods and services will be produced.

• currency exchange

• checking account

• federal plan

• economy

Most countries have a _________ economy.

• mixed

• market

• command

• traditional

In a pure _________ system, ONLY citizens' supply and demand determine what is bought and sold.

• mixed

• market

• command

• traditional

The UK has a _____ economy.

• mixed

• market

• command

• traditional

Germany has a ___________ economic system.

• mixed

• market

• command

• traditional

Russia's economy is struggling today as it transitions from a _____ economy, where the government had complete control, to a mixed economy.

• mixed

• market

• command

• traditional