Economic Systems

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

Country A wants to make their own economic decisions without interference from the government. Their main economic goal is…

Country F strives for the fair and just distribution of society’s resources. Their main economic goal is…

Kim lives in a country that ended private ownership of land and created several large government-owned farms. The government also took control of all the businesses and industries in this country. The economic system Kim’s country has is…

Country C wants to provide the less fortunate with the support they need to live decently. Their main economic goal is…

Country D has the ability to produce more and better goods and services which leads to an improved standard of living. Their main economic goal is…

Which of the following is NOT one of the 3 Fundamental Economic Questions?

Country E strives for a society in which all people have access to all the goods and services they count on. Their main economic goal is…

Anna operates her business and carefully follows all federal and state regulations. She pays her share of taxes and receives many benefits from the government including free education through college. The economic system Anna’s country has is…