Economy Multiple Choice Test

Jobs are passed down from one generation to another generation

Workers are told what and how much to produce in a given time

Farming, hunting and gathering are main part of this economy

Also called free enterprise or capitalism

Most of Europe operates with this type of economic system

Government determines what to produce, how to produce, and the prices

Customs and habits of the past decide what and how goods are produced

Three basic economic questions

Which is least likely to found in Europe?

Which European country is closest to a command economy?

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