Types of Economic Systems

Front

What type of economic system allows the government to decide what to produce, how to produce and for whom to produce? Options: Market, Mixed, Command, Traditional

Back

Command

Front

What type of economic system is based on customs and beliefs? Options: Market, Mixed, Traditional, command

Back

Traditional

Front

The four types of economic systems are: Traditional, Command, Mixed, & Market.

Back

Traditional, Command, Mixed, & Market

Front

In the economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors. This is what kind of economy?

Back

Traditional

Front

What type of economy does North Korea have, where a dictator makes all of the economic decisions? Options: Traditional, Market, Command, Centrally Planned

Back

Command

Front

What are the 3 economic questions?

Back

What to produce? How To Produce? For whom to produce?

Front

A country's economic system attempts to deal with the problem of not having enough resources to meet people's needs and wants.

Back

Scarcity

Front

In my country my job is the same one that my family has done over the past 200 years.

Back

Traditional

Front

In my country, the government has some involvement in the economy.

Back

Mixed

Front

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

Back

Traditional Economy