Economic systems quiz

What is a command economy?

• Jager dark ice

• 1. an economy in which production, investment, prices, and incomes are determined centrally by a government.

• An economy in which everyone doesn’t pay taxes and are tax free.

• One without government intervention or regulation

What is a mixed economy?

• 1. an economic system combining command economy and market economy

• Deployable shield

• It’s only the government controlling everybody and the people don’t have a say

• the people have a say in everything

What is a market economy?

• The people are controlled by the government

• a type of economic system where supply and demand regulate the economy, rather than government intervention.

• Bandit tricking

• Personal economic choices are limited

What economy does the United States have?

• Market economy

• Command economy

• Mixed economy

• Traditional economy

What are the 3 economic questions?

• What goods and services will be produced?

• How will the goods and services be produced?

• What needs and wants will be satisfied with then goods and services produced?

• All of the above

What economy does Hong Kong

• Frost main

• Market economy

• Mixed economy

• Traditional economy

Who makes decisions in a mixed economy?

• The people

• The government

• Partly the government and partly the people

• Gu mine

What type of economy is the most common

• The command economy

• Echo drone

• Mixed economy

• None of the above

Which economy has the businesses and consumers make decisions?

• Market economy

• Mixed economy

• Finka Boost

• None of the above

Who makes the decisions in a command economy?

• Kona station

• The people

• The goverment

• All of the above