Ch. 3 test LA History

What is a Traditional Economy

• An economy based on mercantilism

• An economy based on Capitalism

• An economy based on agriculture & bartering

• non-existent

Climate helped with the production of cattle.

• TRUE

• FALSE

An economy where the government directs the economic system

• Command economy

• Traditional economy

• Market economy

• Lichen Economy

Something Humans can use that comes from nature

Used in the production of goods and services

• Capital Resource

• Demand Resource

• King Resource

• Civil Resource

A Market Economy is

• An economy where Dillan doesn't exist.

  My Dream

• An economy where the individual makes the decisions for the economy.

• An economy where markets exist.

• an economy where nothing exist

Economy means

• how people mange resources in a community.

• How people like money

• How people manage money

• How the government manages money

Goods are.

• Kings

• A man

• Slavery

• Tangible items such as food cloths etc.

Human Resources are.

• An average homeless person

• The person who provides goods or services.

• The person who made this quiz

• The person next to me

Profit is the amount left after the something is eaten

• True

• False