Economic Systems

Front

Which type of economic system relies primarily on supply and demand to determine prices and production?

Back

Market economy

Front

In a command economy, who makes the major economic decisions?

Back

The government

Front

What is a key characteristic of traditional economies?

Back

Reliance on customs and traditions

Front

Which irrigation method delivers water directly to plant roots through a network of pipes?

Back

Drip irrigation

Front

What is the primary purpose of desalination?

Back

To remove salt from seawater

Front

During a recession, which of the following is typically observed? Increased consumer spending, Rising employment rates, Economic growth, Declining business activity

Back

Declining business activity

Front

What characterizes the industrialization process?

Back

Factory systems and mass production

Front

Which resource is considered slowly renewable? Options: Solar energy, Peat, Crude oil, Natural gas

Back

Peat

Front

What is an example of a quaternary economic activity?

Back

Information technology research

Front

What is OPEC's primary function?

Back

Controlling global oil prices