Command vs. Market
Who decides what to make in a command economy?
What is the government? 📘 L1
A special ticket citizens used to buy government-owned property.
What is a voucher? 📘 L3
This country's "Great Leap Forward" was its second Five-Year Plan.
What is China? 📘 L3
If you're in charge of privatizing fairly, what should you set up FIRST?
What is clear, equal rules for everyone? 📘 L3
A factory full of robots and machines instead of workers is an example of this.
What is capital-intensive? 📘 L3
When something is in short supply in a market economy, prices do this.
What is go up (rise)? 📘 L1
Turning government-owned businesses into privately-owned ones.
What is privatization? 📘 L3
This country/former union used Gosplan and Five-Year Plans.
What is Russia (the Soviet Union)? 📘 L3
The city is building roads and schools with tax money — is this a government job or a business job?
What is a government job? 📘 L2
A country that avoids working with other countries is practicing this.
What is isolationism? 📘 L3
The USSR and China used this kind of plan to grow their economies.
What is a Five-Year Plan? 📘 L3
The opposite of privatization — turning private businesses INTO government-owned ones.
What is nationalization? 📘 L3
This group of 27 European countries shares trade rules and, for some, a currency.
What is the European Union? 📘 L3
A store deciding its own prices to compete for customers — is this a government job or a business job?
What is a business (private) job? 📘 L2
The one word that describes what a command economy is good at, even though it limits freedom.
What is stability? 📘 L1
Instead of prices rising, a command economy fixes a shortage by doing this.
What is the government directly deciding who gets what
(rationing)? 📘 L1
Rich or powerful people buying up all the vouchers cheap from regular citizens — this is called abusing what system?
What is the voucher system? 📘 L3
This country is known for "keiretsu" — big groups of connected businesses.
What is Japan? 📘 L3
In a disaster, who decides how to respond in a command economy — the people, or the government?
What is the government? 📘 L1
Which is more important: a stable economy, or a free one?
No locked answer — judge based on if they can explain their reasoning. 📘 L1
This thinker (not a president or dictator) believed capitalism was unfair to workers.
Who is Karl Marx? 📘 L2
💬 Marx wrote the ideas. Lenin, Stalin, and Gorbachev were leaders who ran countries based on those ideas — but Marx himself is the answer here.
Name one of the three big problems countries had when switching from communism to capitalism.
What is underestimating costs, losing political power, or dealing with new incentives? (any one) 📘 L3
This small country is known for being very wealthy with very little corruption.
What is Singapore? 📘 L3
💬 South Korea and Taiwan are mentioned too, but "very little corruption" specifically describes Singapore.
Do you think Singapore's neighbors are impressed by it, or jealous of it?
Any well-explained answer counts — no locked answer. Judge based on if they can explain WHY. 📘 L3
The two big reasons market economies come up with new ideas and inventions.
What are competition and the chance to make money (profit)? 📘 L1