SW Asia Economic Systems

Front

Which of the following is NOT one of the questions that all economic systems must answer: What to produce?; When will goods be produced?; Who will consume the goods produced?; How to produce?

Back

When will goods be produced?

Front

The economies of Israel, Saudi Arabia, Turkey, can be described as:

Back

Mixed Market

Front

What is the name of an economic system that is controlled by the government?

Back

Pure Command

Front

What is the name of the economic system that is based on only supply and demand?

Back

Market

Front

The term used to describe trading without money.

Back

Bartering

Front

True or False: Most modern countries have Traditional economies.

Back

False

Front

A scale from 1-100 that ranks economies is called _________________.

Back

Economic Continuum

Front

Because most economies have characteristics of the command and market economy, we say they are

Back

Mixed

Front

What is the name of the economic system that is a combination of Market and Command economic systems?

Back

Mixed

Front

What is the name of the economic system that is based on tradition?

Back

Traditional