Types of Economic Systems
Flashcard
•
Other
•
7th - 8th Grade
•
Hard
Wayground Content
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9 questions
Show all answers
1.
FLASHCARD QUESTION
Front
In my country, central planners decide when we should expand old factories and build new ones.
Back
Command
2.
FLASHCARD QUESTION
Front
In my country my job is the same one that my family has done over the past 200 years.
Back
Traditional
3.
FLASHCARD QUESTION
Front
In my country, the government controls the economy. It assigns jobs, sets production goals, and decides wages. What type of economy is this?
Back
Command
4.
FLASHCARD QUESTION
Front
In my country, the government has some involvement in the economy. Options: Traditional, Command, Market, Mixed
Back
Mixed
5.
FLASHCARD QUESTION
Front
In my country, the government makes all the economic decisions. Options: Traditional, Command, Market, Mixed
Back
Command
6.
FLASHCARD QUESTION
Front
In my country, the government tells me where to work.
Back
Command
7.
FLASHCARD QUESTION
Front
What type of economic system is described by: "In my country we have no need for money. By custom, some of us hunt, others farm, and we are all taken care of." Options: Traditional, Command, Market, Mixed
Back
Traditional
8.
FLASHCARD QUESTION
Front
In my country there is a private sector and a public sector.
Back
Mixed
9.
FLASHCARD QUESTION
Front
In my country, there is little economic growth because we do not use any new technologies. Options: Traditional, Command, Market, Mixed
Back
Traditional
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