3-3 Economic Systems Guided Reading

15 Questions

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Economic System Quizzes & Trivia

This is a Guided Reading Assignment for 3-3. Be exact. Spelling counts. These are book answers.


Questions and Answers
  • 1. 
    A system in which people make, exchange, and use thing that have value.
  • 2. 
    Owners and workers are part of a group called _______________.
  • 3. 
    People who buy goods or services are part of a group called _______________.
  • 4. 
    An economic system where individuals own most businesses is called _______________.
  • 5. 
    An economic system where the central government own most businesses is called _______________.
  • 6. 
    Capitalism is also called a ________________________   __________________ economy.
  • 7. 
    In Communism, the _____________________ controls most businesses. 
  • 8. 
    Few economies are ____________ in form/type. 
  • 9. 
    These type of economic systems are often called ____________________   economies.
  • 10. 
    A significant change in how products were produced, from man made to machine made, is called the ____________________   ________________________
  • 11. 
    In _______________________ nations, there are _______________  industries and __________________ do most of the work.
  • 12. 
    In developing nations, there are _______________  industries and __________________ do most of the work by ______________. 
  • 13. 
    _______________ shortages and ____________ education often plague Developing Nations.
  • 14. 
    As world trade expands, countries become more and more ____________________________ on each other.  
  • 15. 
    Trade agreements, or ___________________________________, help countries sell goods to one another