Gov't, Econ and SoL

Front

The government plans how to use resources to make goods and services.

Back

Command Economy

Front

Producers and consumers determine how to use resources and make goods based on supply and demand in the market, without government interference.

Back

Market Economy

Front

People use the resources they have to make only what they need to survive.

Back

Traditional Economy

Front

Both supply and demand and the government influence how resources are used to make goods and services. What type of economy is this?

Back

Mixed Economy

Front

Most countries in the world have a ___________________ economy.

Back

Mixed

Front

Which economy is not on the economic continuum? Options: Mixed, Traditional, Command, Market

Back

Traditional

Front

What type of economy is represented by Sam learning how to make clay bricks like his father and grandfather? Options: Free Market, Traditional, Mixed, Command

Back

Traditional

Front

What type of economic system is represented by Katia's government-run business? Options: Command, Traditional, Free Market, Mixed

Back

Command

Front

Nike and Under Armour sell similar products.  This leads to a decrease in price and an increase in quality. What type of market is this? (Options: Free Market, Command, Traditional)

Back

Free Market

Front

Rule by one: Dictatorship and Constitutional Monarchy, Dictatorship & Communism, Dictatorship & Absolute Monarchy, Absolute Monarchy & Republic

Back

Dictatorship & Absolute Monarchy