AKS 46: Types of Economies

Which type of economy has central ownership and lack of individual choice?

• Market Economy
• Mixed Economy
• Command Economy
• Traditional Economy

Which type of economic system bases its decisions on custom?

• 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 the businesses & business owners?

• Command
• Mixed
• Communist
• Market

Which type of economy is based on traditions and beliefs?

• Command
• Market
• Traditional
• Mixed

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

• Command
• Traditional
• Market
• Mixed

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

• Consumers
• Elders
• Government
• Businesses

If I produce meat but, the government has to check to make sure I can put this product on the market, what economic system is this?

• Mixed
• Traditional
• Market 
• Command

Individuals own resources and determine what and how to produce. 

• traditional
• command
• market
• mixed

Government regulates certain industries, but not all of them.

• traditional

• command

• market

• mixed