Which type of economic system does the United States have?

The tribe relied on hunting and farming for food. The boy knew he would be a farmer just like his dad had been. What kind of economic system does this describe?

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?

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

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

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

Earnings - Expenses = ______

Which of the following is NOT a basic question of economics?

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

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