Free Enterprise and Other Economic Systems: Review

Imagine you're in a world where Maya, Olivia, and Aria are exploring different economic systems. Which of the following systems would let them freely choose any career or workplace they dream of?

• Capitalism

• Fascism

• Socialism

• Command/Centrally Planned

Imagine you're in a classroom with David, Grace, and Isla. The teacher asks, 'Which of the following is NOT one of the three main economic systems?' Can you help them figure it out?

• Command

• Fascism

• Traditional

• Capitalism

Imagine you're an entrepreneur like Scarlett or Noah. Which of the following traits would you need to succeed?

• Fear

• Risk taking

• Wickedness

• Pessimism

Imagine you're in a world where Maya, Hannah, and Harper have little to no freedom in choosing their dream jobs or workplaces. Which economic system are they experiencing?

• Capitalism

• Socialism

• Fascism

• Communism

Imagine you're in a world where Aiden, Avery, and Anika are making big economic decisions. In a private enterprise system, who gets to make these important choices?

• Individuals

• The republic

• States

• Government

Imagine you're in a world where Abigail, Evelyn, and Priya are setting up their own economies. What kind of economy lets them make all the decisions themselves?

• A combination of two economic systems

• An economy where the government makes all decisions

• An economy where customs and traditions make all decisions

• An economy where individuals make all decisions

Imagine you're in a world where Oliver, Sophia, and Luna are trying to decide how their magical economy works. What is a command economy?

• An economy where individuals make all the decisions

• An economy where customs and traditions make all decisions

• A combination of two economic systems

• An economy where the government makes all decisions

Imagine you're in a world where Ethan, Isla, and Samuel are the masterminds behind the economy. What kind of economy would it be?

• An economy where Ethan's students make all the decisions

• An economy where the government makes all decisions

• A combination of two or more economic systems

• An economy where customs and traditions make all decisions

Imagine you're in a classroom with Maya, Nora, and Anika, and your teacher asks: The United States is an example of which economic system? Can you guess the right answer?

• Market

• Command

• Mixed Market

• Traditional

Hey there, history buffs! Can you guess which economic system was the arch-nemesis of the USA during the Cold War, famously used by the former USSR (Soviet Union)?

• Command Economy

• Market Economy

• Traditional Economy

• Mixed Economy