Types of Economic Systems CE11b

Match it! Select the correct answer from the pull down...Good luck!

Widgets have become the latest fad. Everyone wants one and stores are selling out fast. The factory increased production. This is an example of ____.

Which of the answer choices is not a characteristic of a free market economy?

They type of economy a country has is determined by the amount of ____.

There is little or no government control in a _____________ economy.

Which type of economic system does the United States have?

Earnings - Expenses = ______

In the former Soviet Union consumers had to wait in long lines to buy everyday items like bread. They did not have many choices and the government controlled factories. What type of economy did they live in?

Which of the following is NOT a type of economic system?