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Types Of Economies Review Game
Test Description: Marketing Principles Review
Instructions: Answer all questions to get your test result.
1) There is no government involvement in economic systems in this type of economy.
A
Communist
B
Free Market
C
Command
D
Mixed
2) The Government lets the people answer he three basic economic questions
A
Communist
B
Command
C
Free Market
D
Mixed
3) Consumers decide if businesses survive or fail
A
Communist
B
Command
C
Mixed
D
Free Market
4) Government controls all factors off production and makes all the decisions
A
Communist
B
Free Market
C
Command
D
Mixed
5) Government is responsible for answering the three economic questions
A
Mixed
B
Free Market
C
Command
D
Communist
6) Little choice for consumers in what is available.
A
Mixed
B
Communist
C
Free Market
D
Command
7) Government makes decisions, such as, the type of education children will receive
A
Command
B
Mixed
C
Communist
D
Free Market
8) Capitalist Economy is another name for which type of economy?
A
Free Market
B
Communist
C
Mixed
D
Command
9) The United States has which type of economy?
A
Command
B
Communist
C
Mixed
D
Free Market
10) The 3 Basic Economic Questions are:
A
None of the above
B
What to produce, how to produce, for whom to produce
C
What to produce, for whom to produce, where to produce
D
What to produce, how much to charge, for whom to produce
*select an answer for all questions
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