Economic systems 4 lessons

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 the way a society produces goods and services?

• Laissez faire

• Socialism

• Economic systems

• Marxism

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

• Capitalism

• Socialism

• Fascism

• Communism

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 country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

• Traditional

• Market

• Command

• Centrally Planned

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

• Traditional

• Mixed

• Command

• Market

The government gets to decide who gets what

• Traditional

• Command

• Mixed

• Market