3.03 & 3.04 Exit Ticket

What are enormous cities or very densely populated areas that include several cities?

• Shanty Towns

• Hoovervilles

• Megalopolises

• Suburbs

St. Petersburg-Miami is a megalopolis?

• True

• False

San Francisco - San Diego is a megalopolis?

• True

• False

What is a command economy?

• A command economy is an economic system where the government controls all aspects of production and distribution.
• A command economy allows consumers to dictate production and pricing through their choices.
• A command economy is characterized by free market principles and minimal regulation.
• A command economy is where businesses operate independently without government intervention.

What was the purpose of the Sherman Anti-Trust Act?

• To increase government control over businesses.
• To encourage foreign investment in American companies.
• To eliminate all forms of business competition.
• To prevent monopolies and promote competition in business.

What is a market economy?

• A market economy is controlled entirely by the government.
• A market economy relies solely on barter and trade without currency.
• A market economy is characterized by fixed prices set by authorities.
• A market economy is an economic system driven by supply and demand with minimal government intervention.