Four Economic Systems
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Other
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10th - 12th Grade
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Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
What type of economic system allows the government to decide what to produce, how to produce and for whom to produce? Options: Market, Mixed, Command, Traditional
Back
Command
2.
FLASHCARD QUESTION
Front
What type of economic system is based on customs and beliefs?
Back
Traditional
3.
FLASHCARD QUESTION
Front
The four types of economic systems are: Traditional, Command, Mixed, & Market, Traditional, Command, Combined, & Market, Communism, Capitalism, Free Market, and Macroeconomics, Microeconomics, Macroeconomics, Individual, and Traditional.
Back
Traditional, Command, Mixed, & Market
4.
FLASHCARD QUESTION
Front
In the economy of the Bushmen of the Kalahari Desert, the people follow the examples of their ancestors. This is what kind of economy? Options: Traditional, Market, Command, Centrally planned
Back
Traditional
5.
FLASHCARD QUESTION
Front
The Country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?
Back
Command
6.
FLASHCARD QUESTION
Front
What is the most basic or fundamental economic problem?
Back
Scarcity
7.
FLASHCARD QUESTION
Front
What type of economy do most countries in the world have? Options: Market economy, Command economy, Traditional economy, Mixed economy
Back
Mixed economy
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