Green Civics SOL Review Guide #3

Government’s role is ​​ (a)   in a free market economy and ​​ (b)   in a command economy

• less
• greater

An economy in which most of the economic decisions are based on customs and habits of the past.

• traditional economy
• command economy
• market economy
• mixed economy

An economy in which a society's economic decisions are made by individuals who decide what to produce and what to buy.

• traditional economy
• command economy
• market economy
• mixed economy

An economy that has characteristics of both market and command economic systems

• traditional economy
• command economy
• market economy
• mixed economy

A tax placed on goods when they imported into one country from another country.

• tariff
• quota
• embargo

A product that one country BUYS from another.

• import
• export

What is entrepreneurship?

• a person who works for a corporation

• those that manage and/or invest in a business

Is the United States a pure market economy?

• Yes

• No

Which of these is an example of a consumer?

• someone who goes to 7-11 to buy a snack

• a worker in a factory

• an owner of a company

• a government who makes economic decisions

An economy based mostly on hunting and farming is a...

• traditional economy

• command economy

• market economy

• mixed economy