23/24 Economy and Government

Which economy type is controlled by the government?

• command

• market

• traditional

An indian tribe living in a village and bartering for goods they need are an example of ______________.

• mixed economy

• traditional economy

• command economy

Which type of economic system bases its decisions on custom?

• Market Economy

• Mixed Economy

• Command Economy

• Traditional Economy

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

• Market Economy

• Mixed Economy

• Command Economy

• Traditional Economy

Which type of economy is run by the businesses & business owners?

• Command
• Mixed
• Communist
• Market

Government owns resources and controls production, prices, and wages.

• traditional
• command
• market 
• mixed

An economy in which most of the economic decisions that are made are based on customs and on the habit of how auch decisions were made in the past.

• Traditional

• Command

• Market

An economy in which changes in prices guide what and how goods and services will be produced, distributed, and consumed

• Traditional

• Command

• Market

Each member of society knows in early life what her or his role will be because jobs are handed down from generation to generation

• Traditional

• Command

• Market

The government owns the things needed to make products.

• Traditional

• Command

• Market