2.01 Warm Up: Economic Systems: Question Preview (ID: 24117)


Below is a preview of the questions contained within the game titled 2.01 WARM UP: ECONOMIC SYSTEMS: 2.01 Warm-up Economic Systems .To play games using this data set, follow the directions below. Good luck and have fun. Enjoy! [print these questions]


Play games to reveal the correct answers. Click here to play a game and get the answers.

What do a mixed economy and market econmy have in common
a) both based on traditions and customs b) competition in the marketplace c) equal standard of living for all d) government control of the marketplace
What is an ADVANTAGE of a market economy compared with a traditioanl economy
a) In a market economy, economic decisions are made the way they have alsways been made b) In a market economy, innovation and competition in the marketplace are encouraged c) In a market economy, the government decided what is produced d) In a market economy, there is an equal standard of living for everyone
What is a DISADVANTAGE of a market economy compared with a command economy
a) Market economies create a huge gap between the wealthy and the poor b) Market economies do not offer much competition for consumers c) Market economies provide an equal stanard of living for everyone d) The government sets prices in a market economy
Compare the way economic decisions are made in an Amish community with the way they are made in Cuba
a) Individuals and government make the decisions in an Amish community b) Individuals make the decisions in Cuba c) Tradition dictates how decision are made in Cuba d) Tradition dictates how decisions are made in an Amish community
Compare the way economic decisions are made in the United States with the way they are made in Cuba
a) Individuals and government make the decisiions in Cuba b) Individuals and government make the decisions in the United States c) The government makes all the decisions in the United States d) Tradition dictates how decisions are made in Cuba
What is a DISADVANTAGE of a traditional economy compared to the other types of economic systems
a) Competition guides production decisions b) Decisions are centered toward the family c) Government take care of people's needs d) State of the art technology is not used
What is an ADVANTAGE of command economy compared withother types of economic systems
a) Business owners are free to make their own economic decisions b) Decisions are based on customs and the way things have always been done c) Government makes the decisions about what is produced d) Governement provides an equal standard of living for everyone
What is a difference between a market economy and a command economy
a) Competition provides consumers choices in a market economy b) Supply and demand determine prices in a command economy c) The government ensures much competition in a command economy d) The government selects what is produced in a market economy
What do a command economy and a mixed economy have in common
a) Economic dedcisions are based on customs in both systems b) Government controls or dictates what is produced in both systems c) Government takes care of people's needs in both systems d) Supply and demand determine prices in both systems
What is a difference between a traditional economy and a (Market) free enterprise system
a) Decisions are made the way they always have been in a Market free enterprise systems b) Economic decisions are centered around the family in a Market free enterprise economy c) Economic decisions are determined by competition in a traditional economy d) Supply and demand drive economic decisions in a Market free enterprise systems
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from the data set above, visit ReviewGameZone.com and enter game ID number: 24117 in the upper right hand corner at ReviewGameZone.com or simply click on the link above this text.

TEACHERS / EDUCATORS
Log In
| Sign Up / Register