SS6E7 Review Quiz

I am economy based on traditions and customs. I also have a strong sense of community where everybody pitches in.

• Traditional

• Command

• Market

• Mixed

I am total control over the economy. I make all the decisions and will TELL you what to produce, how to produce, and for whom to produce.

• Traditional

• Market

• Command

• Mixed

We have ZERO government involvement. We can produce what we want and sell what we want to whomever we want without the government becoming involved.

• Market

• Mixed

• Traditional

• Command

I am so mixed up! My economy has quite a bit of freedom to produce and sell what we want. However, there is some government control in what we do,

• Market

• Mixed

• Traditional

• Command

Producers of goods and services can raise and lower prices as they want because there is NO government involvement.

• Command

• Market

• Mixed

• Traditional

There is NO technology used in this economic system. Hunting, fishing and farming are examples of economic activities in this system.

• Command

• Market

• Mixed

• Traditional

Germany, United Kingdom and Russia all the share the SAME type of economic system.

• Command

• Market

• Mixed

• Traditional

All resources and properties are owned and controlled by the government. They make all the economic decisions. Consumers and producers have little choice.

• Mixed

• Command

• Market

• Traditional

The FOUR economic systems are:

1. Traditional

2. Market

3. Mixed

4. Command

• False

• True

All economic systems answer the following questions:

1. What to produce

2. How to produce

3. For whom to produce

• True

• False