Economic Systems
What is one characteristic of a command economy? ✔✔The government controls the prices
of most goods.
In a mixed market economy, who makes most of the daily economic decisions? ✔✔individual
citizens
Which type of market is the least likely to have an official currency? ✔✔traditional economy
In which type of market would you find it the most difficult to buy goods from another country?
✔✔closed economy
What type of market is illustrated by this pie chart? ✔✔a mixed market economy
Which economic system is supported by this passage's main argument? ✔✔command
economy
What are the pros of a mixed market economy for most citizens? CHECK ALL THAT APPLY.
✔✔There is a great deal of independence and personal choice.
The government cannot dictate which jobs citizens hold.
There may be greater opportunity to become wealthy.
The goal of a command economy is to ✔✔create equality within a society
Which nation has a socialist command economy? ✔✔Cuba
The goal of a market economy is to ✔✔promote free economic choices
What is one characteristic of a command economy? ✔✔The government controls the prices
of most goods.
In a mixed market economy, who makes most of the daily economic decisions? ✔✔individual
citizens
Which type of market is the least likely to have an official currency? ✔✔traditional economy
In which type of market would you find it the most difficult to buy goods from another country?
✔✔closed economy
What type of market is illustrated by this pie chart? ✔✔a mixed market economy
Which economic system is supported by this passage's main argument? ✔✔command
economy
What are the pros of a mixed market economy for most citizens? CHECK ALL THAT APPLY.
✔✔There is a great deal of independence and personal choice.
The government cannot dictate which jobs citizens hold.
There may be greater opportunity to become wealthy.
The goal of a command economy is to ✔✔create equality within a society
Which nation has a socialist command economy? ✔✔Cuba
The goal of a market economy is to ✔✔promote free economic choices
