Economics 101

Which of the following is NOT part of the private sector?

• Walmart

• McDonald's

• Frankfort Middle School

• Target

Which of the following is NOT part of the public sector?

• Taco Bell

• Frankfort High School

• WV State Police

• United States Supreme Court

Which Economic system gives businesses total and complete freedom to operate without government interference?

• Command

• Traditional

• Mixed

• Free Market

Which Economic system gives the government complete control over all decisions in the economy?

• Traditional

• Command

• Mixed

• Free Market

Which Economic system is characterized by hunting and fishing and survival based on your ancestors?

• Traditional

• Mixed

• Free Market

• Command

A modern day example of a command economy would be the country of...

• The United States

• France

• Germany

• North Korea

The Economic system that combines aspects from a free market and a command system is called...

• Free Market

• Traditional

• Command

• Mixed

The United States has a ________ economic system

• Traditional

• Free market

• Mixed

• Command

Mr. Davis has a mushroom friend who is a ....

• Member of the French Foreign Legion

• Quarterback for the 49ers

• Congressman from Illinois

• Fungi

The United States used to base how much money we made on how much ______ and ______ we had.

• rocks and grass

• gold and silver

• salt and pepper

• peanut butter and jelly