Economic Systems

Government makes most economic decisions.

• Market

• Command

• Traditional

• Mixed

Which is the BEST answer. Supply and demand determine economic decisions.

• Market

• Mixed

• Traditional

• Command

Market and command combined.

• Traditional

• Command

• Market

• Mixed

Economic decisions based on beliefs and traditions.

• Market

• Mixed

• Traditional

• Command

Government plan determines what is produced.

• Market

• Mixed

• Command

• Traditional

Government sets safety standards and has price controls to protect the worker but allows for private ownership

• Mixed

• Market

• Traditional

• Command

Consumers decide what goods and services are produced.

• Command

• Traditional

• Mixed

• Market

Government owns business, decides production

• Market

• Mixed

• Command

• Traditional

Producers decided what resources to use based on cost and employment.

• Command

• Traditional

• Market

• Mixed

Which countries are the most command and market?

• Russia and United States

• Cuba and Australia

• Germany and United Kingdom

• Russia and Cuba