$$$$Economy

Which of the following is NOT a characteristic of a planned economy?

• high taxes

• low taxes

• focus on the public good

• government controlled

In which kind of economy would there be individualism and social programs?

• planned economy

• free market economy

• mixed market economy

• black market economy

The goal of a planned economy is

• cooperation and equality

• individual choice

• profit

• freedom

The political ideology of a planned economy is

• capitalism

• liberalism

• socialism

• communism

The political ideology of a free market economy is

• capitalism

• socialism

• coummunism

• cooperation

The political ideology of a mixed market economy is

• communism

• socialism

• capitalism

• individualism

The United States is an example of a

• free market economy

• tiny economy

• public economy

• planned economy

As a mixed market economy, Canada has more _________ than the United States.

• money

• people

• factories

• social programs

Which of the following is NOT an example of the resources an economy has?

• land

• labour

• time

• capital

The way a society chooses to use their resources is known as the

• politics

• economy

• freedom

• distribution