Four Types of Economy

In the country where Ebonee and Jorge live, the economy is a mix of both ___________ elements. This is similar to most countries around the world.

En el país donde viven Ebonee y Jorge, la economía es una mezcla de ambos elementos ___________. Esto es similar a la mayoría de los países del mundo.

• Market and Command

• Market and Traditional

• Command and Traditional

• None of the Above

In a small village, Jorge and Alan are part of a traditional economy. They don't use money or checks for trade. What system do they use for trade?

En un pequeño pueblo, Jorge y Alan son parte de una economía tradicional. No utilizan dinero ni cheques para comerciar. ¿Qué sistema utilizan para comerciar?

• Bartering

• Money

• Cash

• Checks

In the small village where Zoey and Alan live, the economic decisions are based on __________.

En el pequeño pueblo donde viven Zoey y Alan, las decisiones económicas se basan en __________.

• supply and demand

• customs, beliefs, and cultural traditions of the village

• government planning

• none of the above

In a local farmer's market, Jorge and Mia decide what fruits to sell based on ________.

En un mercado de agricultores local, Jorge y Mia deciden qué frutas vender basándose en ________.

• government planning

• cultural traditions

• none of the above

• supply and demand

In the school cafeteria, the menu is decided based on ___________.

En la cafetería de la escuela, el menú se decide en base a ___________.

Mia, Denasia, Alaja, Jorge, and Simone are curious to know.

• cultural traditions of the students

• the popularity of dishes among students

• the school(government) management's planning

• none of the above

Alaja, Oliva, Simone, Mia, and Khalijah are planning to start a food truck business. They are trying to figure out the three fundamental economic questions they need to answer for their business. Can you help them?

• What type of food to cook, when to cook it, and why cook this type of food?

• what to produce, how to produce, for whom to produce

• What is the price of the food, what is the cost to make it, and what is the opportunity cost?

• None of the above?