Economy: Question Preview (ID: 16288)


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Jobs are passed down from one generation to another generation
a) Market b) Command c) Traditional d)
Workers are told what and how much to produce in a given time
a) Market b) Command c) Traditional d)
Farming, hunting and gathering are main part of this economy
a) Command b) Market c) Traditional d)
Also called free enterprise or capitalism
a) Market b) Command c) Traditional d)
Most of Europe operates with this type of economic system
a) Market b) Command c) Traditional d)
Government determines what to produce, how to produce, and the prices
a) Market b) Command c) Traditional d)
Customs and habits of the past decide what and how goods are produced
a) Market b) Command c) Traditional d)
Three basic economic questions
a) What to produce, How to produce, Who to produce for b) Why to produce, How to produce, When to produce c) What to produce, When to produce, Where to produce d)
Which is least likely to found in Europe?
a) Market b) Command c) Traditional d)
Which European country is closest to a command economy?
a) Cuba b) United Kingdom c) Russia d)
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