Econ Honors: Types of Economies

Front

What is Our Economy? Options: Mixed, Traditional, Market, Command

Back

Mixed

Front

What is the economy when you go hunt just like your father?

Back

Traditional

Front

I have a problem with having enough resources. What basic question of economics solves this?

Back

How to produce?

Front

If my government is selling me bread for $5 a loaf, and I have no choice but to buy that type of bread, I live in a _____ economy.

Back

Command

Front

There are four types of economic systems. Most economies are _____.

Back

Mixed

Front

In this type of economy, the individual decides who to sell their products to. Options: Traditional, Mixed, Market, Command

Back

Market

Front

This type of government typically goes with the Command Economy.

Back

Communism

Front

The government has little to no role in the production of goods in this type of economy.

Back

Market

Front

Economics seeks the answer to the basic question of how to deal with ______.

Back

scarcity

Front

I am a farmer in Africa, and have always traded for my goods.  I have a _____ economy.

Back

Traditional