Types of Economies
What is the term for a system where the government controls what is produced and how much?
Command Economy
Which type of bank card goes straight from your bank to whoever your are purchasing from
Debit Card
If a new video game is released and many people want to buy it, what happens to its price?
Price goes up
What is the term for when there is not enough of a resource to meet demand?
Scarcity
Who is the first Disney Princess?
Snow White
Economic system in which people can obtain goods and services in almost any way they want
Market Economy
What does the term "impulse buy" mean
Buying something quickly without much thought
If there is a drought that affects wheat production, what happens to the supply of bread?
Supply goes down
The amish people use this kind of economy
Traditional Economy
Which Disney Princess has a pet tiger named Rajah?
Jasmine
The kind of economy that combines part of a market economy and a command economy
Mixed Economy
Borrowed Money
What happens to the demand for winter coats when the weather gets colder?
Demand goes up
Shares of ownership in a company
Stock
What is the name of the princess who loses her glass slipper at a royal ball?
Cinderella
What type of economy relies on tradition and customs to make decisions?
Traditional Economy
Name one way you can be a smart consumer
Look for deals, save, budget
If a popular toy is being sold for a lower price, what might happen to the demand?
Demand goes up
What is the name for a person who starts a new business or product?
Entrepreneur
Which Disney Princess is known for her long, magical hair?
Rapunzel
Name one pro and con of a Market Economy
-Pro: Competition, Freedom
-Con: Inequality
The activity or business of promoting and selling products or services
Marketing
What happens to the demand when people leave the city
Demand goes down
What is it called when people trade goods and services without using money?
Bartering
In "The Little Mermaid," what is the name of Ariel's best fish friend?
Flounder