What Kind Of Economy Am I?

8 Questions | Total Attempts: 211

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What Kind Of Economy Am I?


Questions and Answers
  • 1. 
    The expression "supply and demand" reflects what kind of economy?
    • A. 

      Command economy

    • B. 

      Traditional economy

    • C. 

      Market economy

    • D. 

      Mixed economy

  • 2. 
    In a command economy prices for goods and services are set by ...
    • A. 

      The government

    • B. 

      A group of community members

    • C. 

      Negotiation

    • D. 

      The producers

  • 3. 
    The Native American system of trading game for tools represents what kind of economy?
    • A. 

      Mixed economy

    • B. 

      Traditional economy

    • C. 

      Market economy

    • D. 

      Command economy

  • 4. 
    An economy in which a producer keeps all the profits is called ...
    • A. 

      A mixed economy

    • B. 

      A traditional economy

    • C. 

      A market economy

    • D. 

      A command economy

  • 5. 
    An economy that is ruled by the people is a ...
    • A. 

      Market economy

    • B. 

      Mixed economy

    • C. 

      Traditional economy

    • D. 

      Command economy

  • 6. 
    A grouping of farms governed by community leaders could be an example of ...
    • A. 

      A command economy

    • B. 

      A traditional economy

    • C. 

      A market economy

    • D. 

      A mixed economy

  • 7. 
    Communist styles of government usually feature what kind of economy?
    • A. 

      A mixed economy

    • B. 

      A traditional economy

    • C. 

      A market economy

    • D. 

      A command economy

  • 8. 
    What type of economy do we have in the United States?
    • A. 

      A traditional economy

    • B. 

      A market economy

    • C. 

      A command economy

    • D. 

      A mixed economy