4 Types of Economies

Front

How many different types of economies are there?

Back

4

Front

Which type of economic system bases its decisions on custom?

Back

Traditional

Front

Which type of economy is controlled by the government?

Back

Command

Front

Which type of economy is run by the businesses and business owners with no government involvement?

Back

Market

Front

Which type of economy is based on traditions and beliefs?

Back

Traditional

Front

Which type of economy would most likely have a dictator? Options: Market, Command, Mixed, Traditional

Back

Command

Front

What type of economy does the United States have?

Back

Mixed

Front

Which type of economy involves trading, and doesn't usually use money?

Back

Traditional

Front

Which type of economy has the government making all decisions?

Back

Command

Front

If the government makes me produce 70 T-Shirts, what economic system is this?

Back

Command