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Types of Economic Systems

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

In my country, business is based on competition. Success comes from doing something better and cheaper than your competitors.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

2.

In my country, central planners decide when we should expand old factories and build new ones.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

3.

In my country, I know that all my needs will be met, but not my wants.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

4.

In my country my job is the same one that my family has done over the past 200 years.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

5.

In my country, the government controls the economy. It assigns jobs, sets production goals, and decides wages.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

6.

In my country producers decide what and how much to make based on what people want to buy.

a)

Traidtional

b)

Command

c)

Market

d)

Mixed

7.

In my country, the government has some involvement in the economy.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

8.

In my country, the government makes all the economic decisions.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

9.

,In my country, the government tells me where to work.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

10.

In my country we have no need for money. By custom, some of us hunt, others farm, and we are all taken care of.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

11.

In my country there is a private sector and a public sector.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

12.

In my country, profits are the incentives for production.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

13.

In my country, consumers are very powerful in economic decision-making.

a)

Traiditional

b)

Command

c)

Market

d)

Mixed

14.

In my country, consumers don't have a lot of choice in what they can buy.

a)

Traditional

b)

Command

c)

Market

d)

Mixed

15.

In my country, there is little economic growth because we do not use any new technologies.

a)

Traditional

b)

Command

c)

Market

d)

Mixed