G.E-3 QUIZ-2

Supply and demand determines how much an item costs.

• Traditional

• Communist

• Free Enterprise System

• Socialist

Buyers and sellers make the decisions.

• Traditional

• Communist

• Free Enterprise System

• Socialist

Which type of economy is based on traditions and beliefs?

• Command
• Market
• Traditional
• Mixed

Which type of economy is usually paired with a Communist government?

• Mixed
• Market
• Command
• Traditional

Which type of economy is run by the businesses & business owners?

• Command
• Mixed
• Communist
• Market

Types of shelter, language and entertainment are all examples of what?

• government

• geography

• culture traits

• universal studios

Who controls everything in a COMMAND (communist) economy?

• the people

• the world

• the government

• the poor

Who is an entrepreneur in the list below?

• farmer

• bulldozer

• business owner

• employee

Which of the following is not a culture trait?

• art

• language

• types of shelter

• height

A plan for managing a person's income and expenses is..

• Income
• Scarcity
• Savings
• Budget