Economics

In a command economy, the people own all the businesses.

• True

• False

Which of the following is a negative aspect of command economies?

• Based on supply and demand

• The citizens make all of the money

• The citizens often regulate the economy

• The government limits entrepreneurship

What type of economy does Mexico have?

• Mixed

• Communist

• Command

• Traditional

Mexico has an economy based on:

• limited trade

• minimal trade

• Government control

• trade, manufacturing, service, and finance

A traditional economy is based on ___.

• tradition

• only supply and demand

• manufacturing

• factories

A traditional economy largely depends on____.

• Technology

• Skyscrapers

• Airplanes

• Agriculture

In which type of economy does the government make all the decisions?

• market

• command

• traditional

• mixed

A command economy is typically operated by___.

• Dictator

• Prime Minister

• President

• Traditions

What is another word for trade?

• bartering

• wage

• free enterprise

• production quota

a private citizen developing a business based on supply and demand

• entrepreneurship

• wage

• bartering

• free enterprise