Economic Systems

Front

Which economic system allows for the most individual freedom? Options: Mixed, Market, Command, Traditional

Back

Market

Front

In which economic system does the government have the most control?

Back

Command

Front

In which economic system do individuals do things based on customs & beliefs?

Back

Traditional

Front

What is the economic system of most communist countries?

Back

Command

Front

How do traditional economies exchange goods?

Back

bartering

Front

Which country is closest to a true Market economy? Options: US, UK, Russia, Australia

Back

Australia

Front

Most democratic countries have which type of economic system?

Back

Mixed

Front

If your parents were soy bean farmers, then you would be a soy bean farmer too. What type of economy is this?

Back

Traditional

Front

Businesses (run by private citizens) determine what goods/services are produced and how they will be made.

Back

Market

Front

What type of economy involves businesses making economic decisions while the government regulates them to ensure safety and fairness?

Back

Mixed