Types of Ecomonies

Question 1

People meet their needs based on custom.

Accepted Answer

Traditional

Question 2

People live off the land and sell their crops in village markets for items they need.

Accepted Answer

Traditional

Question 3

People make most decisions for themselves, but the government has some control.

Accepted Answer

Mixed (Socialism)

Question 4

Buyers and sellers make the decisions.

Accepted Answer

Free Enterprise System

Question 5

Families pass on skills, land, and animals from generation to generation.

Accepted Answer

Traditional

Question 6

An economy where people make their own decisions about money and own businesses.

Accepted Answer

Free Enterprise System

Question 7

Supply and demand determines how much an item costs.

Accepted Answer

Free Enterprise System

Question 8

An economic system where the government is in control of all of the industries.

Accepted Answer

Command

Question 9

Citizens receive a free college education, but also have freedom to make their own decisions.

Accepted Answer

Mixed

Question 10

Equal distribution of goods and services for everyone.

Accepted Answer

Command

Questions 10