Traditional
This is the act that people in a traditional economy do instead of spending money.
What is Trade/Barter
This country is often the shining example of what a Market economy should be.
What is the United States
Command Economies are good at doing how many kinds of things.
A small number of things?
This type of Economic system is a mix of both a Market Economy and a Command Economy
What is a Mixed Economy?
What is Currency or Money?
People in a Traditional economy often do these kinds of jobs.
What is simple jobs/jobs their parents did?
This is the term that means "creating new things or better ways of doing things".
What is innovation?
This is the amount of power that citizens have in a Command Economy.
What is little to no power?
In a mixed economy, the government may provide these two public services for citizens.
What are jobs such as has schools, roads, police, fire departments, mail service, etc.?
This is the definition of an Economy.
What is the system that manages how resources are used to produce, distribute, and consume goods and services?
What are Native Tribes/Rural communities?
This is who answers the 3 economic Questions in a market economy.
Who are citizens and companies?
This is the amount of control governments have in Command Economies.
What is most or all of the power?
The role of the government in a Mixed Economy is to do this act.
What is Protect and Regulate the Economy?
This economy is different than the other 3, in that it does not fall on the "line" of how much government is involved in economy choices.
What is a Traditional Economy?
This is how people do jobs in a traditional Economy
What is how their parents or community have always done it.
This is the group that makes the choices and decisions in a market economy.
What is the citizens and businesses ?
This type of Government is often associated with Command Economies
What is a Dictatorship?
Other than the United States, This is the country that is the largest as a Mixed Economy in the world today.
What is China?
<<<Daily Double>>>
This country has the Freest Market Economy in the World
What is Singapore?
True or False
People often are extremely innovative in a traditional economy.
This is the amount of influence governments have in a market economy.
What is little to none?
People often say this is the only Command economy in North America.
What is Cuba?
If a government wants to star regulating the economy, what type of economy did the country have before moving to a mixed economy.
What is a market Economy?
These are the 3 Fundamental Economic Quesitons.
What to Produce?
How to Produce goods?
Who to Produce for?