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SS6E1 Economic Systems

Total questions: 18

Worksheet time: 1hrs 26mins

Name
Class
Date
1.
Which characteristic BEST describes Mexico's economy?
a)
Traditional
b)
Command-leaning
c)
Market-leaning
d)
Pure Market
2.

Which countries government has the most control of their economy?

a)

Mexico

b)

Brazil

c)

Cuba

3.

Which of the following best describes Brazil's economy?

a)
Prices and wages are solely regulated by the country’s government.
b)

A slightly market-leaning mixed economy

c)
The country’s distribution of resources is based on inheritance.
d)
All economic decisions are based on customs and beliefs of ancestors.
4.
Why are most economies referred to as “mixed economies”?
a)
There are not any traditional economic systems left.
b)
Government planners no longer have complete control over command systems.
c)
Economic poverty is too great in a pure market system.
d)

Most countries have traits of both market and command economies.

5.

True or False?

Living in a pure market economy would be just as difficult as a pure command economy because pure market economies have no rules or regulations about trade.

a)

True

b)

False

6.

True or False?

Most countries in the world are pure market economies.

a)

True

b)

False

7.
The economies of Mexico and Brazil can be best described as:
a)

Market

b)

Traditional

c)

Command

d)

Mixed

8.

In the Triple Venn Diagram comparing these economies, which traits would go in the spot marked A? Choose all that apply.

a)

mixed economy

b)

pure market economy

c)

pure command economy

d)

market-leaning

9.

In the Triple Venn Diagram comparing these economies, which trait would go in the spot marked B?

a)

mixed economy

b)

pure market economy

c)

pure command economy

d)

market-leaning

e)

command-leaning

10.

In the Triple Venn Diagram comparing these economies, which trait would go in the spot marked C?

a)

mixed economy

b)

pure market economy

c)

pure command economy

d)

market-leaning

e)

command-leaning

11.
Which Latin American country has a command-leaning economic system?
a)
The country at Letter A
b)
The country at Letter B
c)
The country at Letter C
12.

Which arrow indicates where pure command economics are found on the economic continuum?

a)

A

b)

B

c)

C

d)

D

e)

E

13.

Which arrow indicates where pure market economics are found on the economic continuum?

a)

A

b)

B

c)

C

d)

D

e)

E

14.

Which arrow indicates where Cuba's economy is found on the economic continuum?

a)

A

b)

B

c)

C

d)

D

e)

E

15.

Which arrow indicates where Brazil's economy is found on the economic continuum?

a)

A

b)

B

c)

C

d)

E

16.

Which arrow indicates where Mexico's economy is found on the economic continuum?

a)

A

b)

B

c)

D

d)

E

17.

True or False?

Countries that are autocracies are most likely to be command-leaning economies.

a)

True

b)

False

18.

True or False?

A person living in a command-leaning economy will have more economic freedom than a person living in a market-leaning economy.

a)

True

b)

False