Traditional, Command, Market, and Mixed Economies

"What my parents are, that is what I will become." Identify which type of economy would this thought be more likely to be true.

• Mixed

• Traditional

• Market

• Command

Which choice is NOT classified as "goods"?

• Cars

• Food

• Sanitation

• Computers

What type of economy allows private ownership of businesses and property?

• Command

• Traditional

• Market

• Mixed

Which economy is where the government owns all of the businesses?

• Mixed

• Traditional

• Market

• Command

Which one is NOT classified as a service?

• Dry cleaning

• Funeral Home

• Candy

• Laundry Mat

Which question is an economic question?

• How many businesses do you have?

• What to produce?

• Can you make me some new mittens?

• Where did you buy your new car?

Even though there are different types of economies, according to the text, all economies are _______ economies.

• mixed

• separated

• unstable

• strong