Types of Economies Assessment

The economy is made up of all of the following EXCEPT:

• Production of Goods
• Disturbance of Goods
• Consumption of Goods
• Distribution of Goods

Is mostly made up of private ownership

• Traditional
• Command
• Market
• Mixed

Communism is another name for which kind of economy?

• Traditional
• Command
• Market
• Mixed

Which type of economy is no longer widely used but may exist in small, under developed tribes?

• Traditional
• Command
• Market
• Mixed

Redistribution of income based on doing what is best for the community

• Capitalism
• Socialism
• Communism
• None of the above

Promotes competition

• Capitalism
• Socialism
• Communism
• None of the above

Production is owned by the government

• Traditional
• Market
• Command
• Mixed

Which is an example of socialism?

• Equal grades for everyone
• Baseball
• In-N-Out
• Money for everyone born before 2000

The USA is an example of this type of economy

• Traditional
• Market
• Command
• Mixed

North Korea and the Soviet Union are examples of this type of economy

• Traditional
• Market
• Command
• Mixed