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33. Types Of Economies
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) Which not a type of economy?
A
free
B
command
C
democratic
D
mixed
2) Which pair is incorrect?
A
Command = Cuba
B
Mixed = USA
C
Free = Australia
D
Free = China
3) Which is not a characteristic of a command economy?
A
Private propety
B
No compeititon
C
lots of government involvement
D
government makes all of the economic decisions
4) Which is not a characteristic of a command economy?
A
individual choice
B
lots of government involvement
C
government owns all property
D
no profits
5) Which is not a characteristic of a free economy?
A
competition
B
little government involvement
C
individual choice
D
government owns all property
6) Which is not a characteristic of a free economy?
A
no competition
B
consumer sovereignty
C
profit driven
D
little government involvement
7) Which is not associated with a command economy (communism)?
A
free healthcare
B
Individuals get to choose what they buy, sell, and produce
C
limited choices (i.e. instead of hundreds of restaurants there is just one restuarant )
D
government regulation of everything
8) Which is not associated with a free economy (capitalism or a free market as in free of government interference)?
A
Everyone gets free stuff
B
quality is better and price is lower because businesses compete
C
government does not interfere with businesses and consumer choices
D
healthcare is not free; if you pay more you get better quality, pay less then get less
9) In a mixed economy _____________
A
the government is not involved
B
decisions are based on survival
C
the government makes all decisions
D
the government makes some decisions (public sector) and individuals and business make some choices (private sector)
10) Economies around world fall somewhere on the spectrum between command (Communism) and free (capitalism)
A
False
B
True
*select an answer for all questions
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