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Q 1/14
Score 0
A command economy is an economy in which:
30
Consumers control the economy
There is total government control over the economy
There is no government control
Buyers control the economy
Q 2/14
Score 0
The oldest type of economy is the:
30
Traditional Economy
Mixed Economy
Command Economy
Market Economy
14 questions
Q.
A command economy is an economy in which:
1
30 sec
Q.
The oldest type of economy is the:
2
30 sec
Q.
Production in this type of economy is determined by customs, beliefs, and traditions.
3
30 sec
Q.
In a market economy, supply is determined by:
4
30 sec
Q.
A mixed economy can be described by:
5
30 sec
Q.
True or False: Even in market economy, no market is truly free.
6
30 sec
Q.
The three factors of production are:
7
30 sec
Q.
What is the main economic problem?
8
30 sec
Q.
This country would be described as a command economy:
9
30 sec
Q.
There are three main economic questions and how those are answered determine what type of economy a nation will have. Which is NOT one of the three main economic questions?
10
30 sec
Q.
One way to define economics would be:
11
30 sec
Q.
The four things on the outside of the circular flow chart are:
12
30 sec
Q.
Who makes up the "Household" on the circular flow chart?
13
30 sec
Q.
Who/what is in the middle of the circular flow chart?
