Types of economies
Authored by Maureen Ogando
History
8th Grade
Used 28+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The key factor in determining the type of economy a country has is the extent of
How much they produce
How much is sold
Government involvement
Who will produce
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Each type of economy answers the three basic questions:
the same
differently
With the help of producers
With the help of consumers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic decisions are based on custom and historical precedent
Free Market
Mixed
Command
Traditional
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Private ownership of property/resources
Free Market
Mixed
Command
Traditional
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Centrally-planned economy
Free Market
Mixed
Command
Traditional
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Individuals and businesses are owners and decision makers for the private sector.
Free Market
Mixed
Command
Traditional
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government’s role is greater than in a free market economy and less than in a command economy.
Free Market
Mixed
Command
Traditional
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