Types Of Economies Review Game Question Preview (ID: 26893)


Marketing Principles Review. TEACHERS: click here for quick copy question ID numbers.

The United States has which type of economy?
a) Free Market
b) Command
c) Communist
d) Mixed

Capitalist Economy is another name for which type of economy?
a) Free Market
b) Command
c) Communist
d) Mixed

Government makes decisions, such as, the type of education children will receive
a) Communist
b) Free Market
c) Command
d) Mixed

Little choice for consumers in what is available.
a) Command
b) Free Market
c) Communist
d) Mixed

Government is responsible for answering the three economic questions
a) Command
b) Free Market
c) Communist
d) Mixed

Government controls all factors off production and makes all the decisions
a) Communist
b) Free Market
c) Mixed
d) Command

Consumers decide if businesses survive or fail
a) Free Market
b) Command
c) Communist
d) Mixed

There is no government involvement in economic systems in this type of economy.
a) Free Market
b) Command
c) Communist
d) Mixed

The Government lets the people answer he three basic economic questions
a) Free Market
b) Command
c) Communist
d) Mixed

The 3 Basic Economic Questions are:
a) What to produce, how to produce, for whom to produce
b) What to produce, how much to charge, for whom to produce
c) What to produce, for whom to produce, where to produce
d) None of the above

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