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- Q1The government of the Soviet Union provided food for its citizens. However, the food was often in short supply, had little variety, and was of poor quality. What type of economy was the Soviet Union?CommandMarketMixedTraditional30sCE.11.b
- Q2Most countries today have which type of economic system?MarketMixedTraditionalCommand30sCE.11.b
- Q3Which economic system has the least amount of government involvement in decision making?TraditionalCommandMixedFree Market30sCE.11.b
- Q4In 2000, the Heinz Corporation began selling purple ketchup. Sales were low and within a few years Heinz stopped selling it. Which characteristic of our economy was demonstrated in this example?CompetitionConsumer SoveregnityPrivate PropertyProfit30sCE.11.b
- Q5Central ownership (usually by government) of property/resource. Centrally-planned economy. Lack of consumer choiceMixed economyCommand economyTraditional economyFree market economy30sCE.11.b