What Kind Of Economy Am I?
8 Questions
| Total Attempts: 263
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
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Indian Economy on the eve of Independence- Class- 12th CBSE
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