The four types of economic systems are: Traditional, Command, Mixed, & Market, Traditional, Command, Combined, & Market, Communism, Capitalism, Free Market, and Macroeconomics, Microeconomics, Macroeconomics, Individual, and Traditional.
Economic Systems

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Social Studies
•
9th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Traditional, Command, Mixed, & Market
2.
FLASHCARD QUESTION
Front
A command economy is when the government is in control.
Back
True
3.
FLASHCARD QUESTION
Front
Which economic system involves both the government and people in deciding how to use scarce resources?
Back
Mixed economy
4.
FLASHCARD QUESTION
Front
Which economic system makes decisions based on tradition & culture?
Back
Traditional economy
5.
FLASHCARD QUESTION
Front
What is an economic system where only the government makes the economic decisions?
Back
command economy
6.
FLASHCARD QUESTION
Front
What type of economy do most countries in the world have?
Back
Mixed economy
7.
FLASHCARD QUESTION
Front
The country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?
Back
Command
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