Traditional Economy: Cap or No Cap

In a traditional economy, people usually grow or make what they need to survive.

• NO CAP (TRUE)

• CAP (FALSE)

• Traditional economies are often found in large modern cities.

• NO CAP (TRUE)

• CAP (FALSE)

• Jobs in traditional economies are usually passed down from one generation to the next.

• NO CAP (TRUE)

• CAP (FALSE)

• In a traditional economy, people use a lot of machines and factories.

• NO CAP (TRUE)

• CAP (FALSE)

• People in traditional economies often trade goods and services without using money.

• NO CAP (TRUE)

• CAP (FALSE)

• Traditional economies rely heavily on technology to increase production.

• NO CAP (TRUE)

• CAP (FALSE)

• Hunting, farming, and fishing are common ways people make a living in traditional economies.

• NO CAP (TRUE)

• CAP (FALSE)

• Traditional economies focus more on making profit than meeting basic needs.

• NO CAP (TRUE)

• CAP (FALSE)

• Families and communities often work together to make sure everyone has what they need.

• NO CAP (TRUE)

• CAP (FALSE)

• In traditional economies, the government controls all major businesses.

• NO CAP (TRUE)

• CAP (FALSE)