Economics

If you tell me a price on something and I offer you a different price, this is an example of what kind of economy? 

• Traditional 
• Command 
• Market 
• Mixed

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. 

• Traditional 
• Market 
• Command 
• Mixed

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

• Traditional 
• Command 
• Market 
• Mixed

In this type of economy, the individual decides who to sell their products to.  

• Traditional 
• Mixed 
• Market
• Command

This type of government typically goes with the Command Economy.  

• Democracy
• Dictatorship
• Autocracy
• Communism

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

• Traditional 
• Mixed
• Command 
• Market

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

• money
• hunger
• demand
• scarcity

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

• Traditional 
• Command 
• Market
• Mixed

In this type of economy, the government places control on businesses, but the individual decides what to make. 

• Mixed
• Market
• Command 
• Traditional

A free enterprise system is one in which-

• The government  owns and operates all of the businesses and industries
• Private citizens own and operate most of the businesses  and industries