Types of Economies
What type of economy is most common among
hunters and gatherers?
Traditional Economy
What term describes the rules governments use to
protect the environment?
A. Regulations
B. Capital
C. Taxes
A. Regulations
Which industry involves producing cattle, wheat, and
cotton?
Agricultural Industry
Mao Zekong ruled China under what type of
economy?
Command/ Communist Economy
What word refers to the idea that everyone should be
treated with respect and fairness?
A. Rights
B. Morality
C. Charity
B. Morality
Which term describes something that has
characteristics similar to money?
A. Capital
B. Deficit
C. Reserve
D. Economy
A. Capital
North Korea’s economy is controlled by the
government. What type of economy is this?
Communist (Command) Economy
In the United States, the government takes what kind
of approach to the economy?
A. Communist
B. Non-Traditional
C. Hands-Off (Market)
C. Hands-Off (Market)
Costco would be an example of what industry?
Wholesale.
What type of economy allows people to make their
own choices about what to buy and sell?
Free Enterprise / Market Economy
Which of the following is NOT an economic question
every country must answer?
A. How will they produce goods or services?
B. What goods and services to produce?
C. How much will the president get paid?
D. How much will they produce?
C. How much will the president get paid?
John Jones works at the nearest hotel on the weekends to help pay for his new apartment. What kind of industry does Jon work for?
A. Retail Industry
B. Manufacturing Industry
C. Providers Industry
D. Service Industry
D. Service Industry
What type of economy tries to incorporate both free enterprise and communist economies?
Mixed economy.
Where does your tax money go?
A. Businesses
B. President
C. Government
D. Principal
C. Government
Which of the following best describes a manufacturing industry?
A. A company that grows and sells fresh vegetables.
B. A factory that assembles cars from raw materials and parts.
C. A store that sells clothes directly to customers.
D. A restaurant that serves meals to he public.
B. A factory that assembles cars from raw materials and parts.