HODGE PODGE
THE UNITED STATES HAS THIS TYPE OF ECONOMY.
WHAT IS A MIXED ECONOMY?
A MIXED ECONOMY COMBINES WHICH TWO ECONOMIES?
WHAT ARE COMMAND AND MARKET ECONOMIES?
THIS TYPE OF ECONOMY DEPENDS ON TRADITIONS, BELIEFS AND _________________.
WHAT ARE CUSTOMS?
WHO MAKES MOST OF THE DECISIONS IN THIS ECONOMY?
WHAT IS THE GOVERNMENT?
THIS TYPE OF ECONOMY ALLOWS PEOPLE AND _______________ TO MAKE MOST OF THE DECISIONS.
WHAT ARE BUSINESSES?
A POLICE DEPARTMENT IS AN EXAMPLE OF WHICH TYPE OF ECONOMY?
WHAT IS A MIXED ECONOMY?
WHY IS THE UNITED STATES CONSIDERED A MIXED ECONOMY?
WHAT IS THE UNITED STATES HAS PRIVATE BUSINESSES, BUT THE GOVERNMENT ALSO PROVIDES SERVICES AND REGULATIONS?
WHAT ARE SOME CHARACTERISTICS OF THIS ECONOMY?
WHAT ARE PEOPLE HUNT, FISH, AND FARM TO MEET THEIR NEEDS?
THE GOVERNMENT OWNS MANY OF THESE IN THIS TYPE OF ECONOMY.
WHAT ARE BUSINESSES AND RESOURCES?
THIS ECONOMY GIVES ______________ THE FREDOM TO COMPETE.
WHAT ARE BUSINESSES?
COMPETITION LEADING TO INNOVATION IS A CHARACTERISTIC OF WHICH ECONOMY?
WHAT IS A MARKET ECONOMY?
WHAT ARE SOME CHARACTERISTICS OF THIS ECONOMY?
BUSINESSES OPERATE FREELY, GOVERNMENT PROVIDES SERVICES AND REGULATIONS, GOVERNMENT AND CONSUMERS INFLUENCE ECONOMIC DECISIONS.
WHAT ARE SOME DISADVANTAGES OF THIS ECONOMY?
LIMITED TECHNOLOGY AND FEWER CHOICES OF GOODS AND SERVICES.
WHAT IS AN ADVANTAGE OF THIS ECONOMY?
WHAT ARE RESOURCES CAN BE DISTRIBUTED QUICKLY?
HOW DOES A MARKET ECONOMY DECIDE HOW PRODUCTS ARE MADE?
WHAT ARE BUSINESSES MAKE PRODUCTS UPON CONSUMER DEMAND AND WHAT PEOPLE WANT TO BUY?
THE THREE BASIC QUESTIONS IN ECONOMICS ARE- WHAT TO PRODUCE? HOW TO PRODUCE IT? AND...
WHO ARE WE PRODUCING IT FOR?
WHAT ARE SOME ADVANTAGES OF THIS ECONOMY?
CONSUMER CHOICE AND COMPETITION AND GOVERNMENT HELPS PROVIDE IMPORTANT SERVICES.
WHAT ARE SOME ADVANTAGES OF THIS ECONOMY?
EVERYONE KNOWS THEIR ROLE AND STRONG SENSE OF COMMUNITY.
WHAT IS A DISADVANTAGE OF THIS ECONOMY?
PEOPLE HAVE FEWER CHOICES AND BUSINESSES HAVE LESS FREEDOM TO INNOVATE.
HOW ARE PRICES DETERMINED IN THIS ECONOMY?
SUPPLY AND DEMAND
WHO LEADS THE MARKET ECONOMY?
BUSINESSES AND CONSUMERS.
WHAT IS A DISADVANTAGE?
BALANCING GOVERNMENT INVOLVEMENT AND BUSINESS FREEDOM CAN BE DIFFICULT.
HOW ARE THE CUSTOMS, BELIEFS, AND TRADITIONS LEARNED?
THEY ARE PASSED DOWN THROUGH GENERATIONS.
WHAT IS AN EXAMPLE OF A COMMAND ECONOMY?
WHAT IS THE GOVERNMENT DECIDES HOW MUCH FOOD, CLOTHING, OR HOUSING SHOULD BE PRODUCED?
WHAT ARE SOME DISADVANTAGES OF THIS ECONOMY?
PEOPLE MAY NOT BE ABLE TO AFFORD PRODUCTS AND BUSINESSES MAY FAIL IF CONSUMERS DO NOT BUY THEIR PRODUCT.