SW Asia Economic Systems

Which of the following is NOT one of the questions that all economic systems must answer.

• What to produce?

• When will goods be produced?

• Who will consume the goods produced?

• How to produce?

The economies of Israel, Saudi Arabia, Turkey, can be described as:

• Traditional

• Mixed Command

• Mixed Market

• Pure Market

What is the name of an economic system that is controlled by the government?

• Pure Market

• Pure Command

• Mixed Market

• Traditional

What is the name of the economic system that is based on only supply and demand

• Market

• Mixed

• Traditional

• Command

The term used to describe trading without money.

• Bartering

• Trading

• Production Quota

• Free Enterprise

True or False: Most modern countries have Traditional economies.

• True

• False

A scale from 1-100 that ranks economies is called _________________.

• Mixed Economic Systems

• Command Economy

• Market Economy

• Economic Continuum

Because most economies have characteristics of the command and market economy, we say they are

• Traditional

• Pure Market

• Mixed

• Bartering

What is the name of the economic system that is a combination of Market and Command economic systems?

• Traditional

• Market

• Command

• Mixed

What is the name of the economic system that is based on tradition.

• Traditional

• Market

• Mixed

• Command