Economic Systems

Which of the following economic systems allows citizens full freedom in choosing a career and workplace?

• Capitalism

• Fascism

• Socialism

• Communism

Which of the following is NOT one of the three main economic systems?

• Communism

• Fascism

• Socialism

• Capitalism

Which of the following is NOT one of the three freedoms individuals have in a private enterprise system?

• Import and export of goods and services

• Buy goods and services

• Produce and sell goods and services

• Choose a career or workplace

Little to no freedom in selecting a career and workplace is a characteristic in which economic system?

• Capitalism

• Socialism

• Fascism

• Communism

A private enterprise systems permits which of the following to make economic decisions?

• Individuals

• The republic

• States

• Government

A command economy is when the government is in control.

• True
• False

What is an economic system where only the government makes the economic decisions?

• traditional economy

• free enterprise

• mixed economy

• command economy

What type of economy do most countries in the world have?

• Market economy

• Command economy

• Traditional economy

• Mixed economy

The government has little to no role in the production of goods in this type of economy.

• Traditional

• Mixed

• Command

• Market

Based on traditions

• Command

• Traditional

• Market

• Mixed