SE Asian Economics Review

Which of the following is NOT a type of economy?

• Command

• Democracy

• Market

• Traditional

Which is an example of a traditional economy?

• United States

• North Korea

• Cuba

• Uncivilized Tribes

Which is an example of a market economy?

• United States

• North Korea

• Cuba

• Uncivilized Tribes

Which is an example of a command economy?

• United States

• North Korea

• United Kingdom

• Uncivilized Tribes

In a command economy, who makes all economic decisions?

• The government

• The people

• The Supreme Court

• The Legislature

Which type of economic system bases its decisions on customs and habits?

• Market Economy

• Mixed Economy

• Command Economy

• Traditional Economy

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

• Command
• Mixed
• Communist
• Market

Which type of economy involves bartering, and doesn't involve a form of money?

• Command

• Traditional

• Market

• Mixed

Most countries have a mixed economy with one part of the mix being dominant.

• True
• False

If the government makes me produce 70 T-Shirts, what economic system is this?

• Mixed
• Traditional
• Command
• Market