SY21-22 Lesson 2 Economics Practice

Which of the following 2 countries would be examples of countries closer to a command economy?

• China

• India

• France

• North Korea

These two countries are considered examples of having a mixed economy closer to a market economy.

• France

• India

• China

• North Korea

Indigenous peoples culture are an example of traditional economies?

• true

• false

What type of economic system do most democratic countries have?

• Traditional 
• Command
• Market
• Mixed

Give an example of a pure market economy

• The United States
• There are none but the Russia is close
• There are none but the US is not close
• There are none but the US is close

What type of economic system is found in the UK

• Mixed (closer to market)
• Command(closer to market)
• Tradition (closer to market)
• Mixed(closer to Mexico)

What type of economic system is found in Russia 

• Mixed, moving away from command since 1991 
• Market, moving away from command since 1961 
• Mixed, moving away from traditional since 1991 
• Mixed, moving away from socialism since 1989 

Capitalism is in what type of economy?

• Traditional

• Command

• Market

• Authortarian

If You Live In a Country Where The Government Controls What Entrepreneurs Sell In Their Business, The Economy is Most Likely a...

• Command Economy

• Market Economy

• Traditional Economy

• Mixed Economy

Which Type of Economy has a Communist Government?

• Traditional

• Command

• Market

• Mixed