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WorksheetsEuropean economics
Total questions: 14
Worksheet time: 7mins
An economic system where the government tells people what jobs they will have and what prices they will pay is called a...
Command Economy
Market Economy
Barter Economy
Example: The government owns most of the property, sets the prices of goods, determines the wages of workers, plans what will be made…everything
In a command economy, decisions about what, how and for whom to produce are determined by:
the government
cultural; traditions
supply and demand
There are no truly pure Market economic systems, but which of the following countries is closest?
Cuba
Germany
Russia
United States
What do the economic systems of the UK, Germany, and Russia have in common?
all are examples of pure market economies
all are examples of mixed economies
all are examples of traditional economies
all are examples of command economies
The economic system of communist countries is most closely related to a_______________________________because the government makes all of the economic decisions.
Market Economy
Command Economy
Mixed Economy
Traditional Economy
All world economies can be measured on a line called
Economic Time Line
Economic Continuum
Economic Number Line
Economic graph
