CE.11b Quick Check

What type of economy does the United States have?

• Traditional

• Command

• Market

• Mixed

Which type of economy has central ownership and lack of individual choice?

• Market Economy
• Mixed Economy
• Command Economy
• Traditional Economy

Which type of economy involves trading, and doesn't usually use money?

• Command
• Traditional
• Market
• Mixed

In a market economy, most goods and services are privately owned businesses.

• True

• False

Which type of economy has the government making most or all decisions?

• Market

• Mixed

• Traditional

• Command

The government does not set prices or have many regulations. Consumers decide what to buy and what they'll pay. There are few public services.

• traditional

• command

• market

Each type of economies answers the three basic questions of economics __________.

• the same
• differently

My father was a fisherman, I am a fisherman and my son will be a fisherman. There are no other jobs.

• Market

• Mixed

• Traditional

• Command

I made a bracelet and sold it. Am I a producer or a consumer?

• Producer

• Consumer

I bought a bracelet from someone. Am I a producer or a consumer?

• Producer

• Consumer