1) Which type of economic system has the government answer the economic questions? a) Traditional b) Mixed c) Command d) Market 2) Which type of economic system answers the economic questions based on traditional customs and values? a) Traditional b) Mixed c) Command d) Market 3) Which type of economic system answers the economic questions based on both government control and supply and demand?? a) Traditional b) Mixed c) Command d) Market 4) Capitalism or Free Enterprise a) Traditional b) Mixed c) Command d) Market 5) Communism a) Traditional b) Mixed c) Command d) Market 6) The United States has this economic system. a) Traditional b) Mixed c) Command d) Market 7) The government owns all property and makes all decisions on the economy. a) Traditional b) Mixed c) Command d) Market 8) Very low technology where people live like their ancestors. a) Traditional b) Mixed c) Command d) Market 9) People own businesses to make a profit largely without government involvement. a) Traditional b) Mixed c) Command d) Market 10) Socialism is most related to a) Traditional b) Mixed c) Command d) Market

Economic Systems

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