GRAAD 9 EMS 3

Which is an example of humans adapting to their environment?

Which economy is least likely to value efficiency and more likely to value custom?

Why does the government protect inventors and authors by offering them patents and copyrights?

This is a NEGATIVE impact of the modern tractor

Traditional economies usually

In what type of economic system does the government make ALL of the production decisions?

In a command economy, the government regulates how goods and services are distributed.

a system to protect people experiencing unfavorable economic conditions

Solar power and wind power are examples of what kind of resources?

Which economic system will have little to no competition?

North Korea is an example of what type of economy?

In which place would you find examples of traditional economies?

Which economic system would best fit in the space below?

The form of government in which the power is entrusted to the hands of a king and queen

Which of the following is a type of mixed economy?

Which government system would be best associate with a mixed economy?

Native groups, tribes, and clans would most likely be categorized as what type of economy?

What is a traditional economy?

Which are the government’s three goals for promoting economic strength?

How is the economic system in China today different from the one in Soviet Russia?

What is the government’s role in controlling externalities in the American economy?

This is a central characteristic of a free market economy

What does the process of specialization do for an economy?

In which place would you be most likely to find lots of examples of a market-based economy?

Which of the countries below has a pure market economy?

The United States economy is a mixed economy

Most nations in the world have a command economy.

What is one disadvantage of a market economy?

Which of the following philosophers recommended the free market

Roads and bridges are examples of how government provides

Who makes all of the economic decisions in a communist economic system?

What is one of the most important principles of economics?

In a command economy all of the wants and needs are provided by government.

Command economies have often been closely associated with ______________.

Which of the following is an example of a service?

What forces play the greatest role in the distribution of goods and services in free enterprise

The primary goal of an economic system is to provide people with a minimum standard of living.

Another name for a market economy is _________.

The ________ system is another name for a market economy.

Russia, Cuba, North Korea and Vietnam are all examples of which type of economy?

A ________ system is one where buyers and sellers (and supply & demand) set the price of goods.

What major economic question(s) should every country answer?

Which economic system does the United States have?

Which economy is likely to have the highest unemployment rate?

Which of the following is an example of a free market economy?

the level of economic prosperity

What is a command economy?

Which economic system is the orginal form of economics?

Which economic system is the United States classified as?

Because of its climate and soils, Columbia grows coffee beans. This is an example of...

Which of the following is considered a "cash transfer"

When did the nation’s welfare system begin?

Which economy is most likely to see people voluntarily picking up more overtime?

Which type of economic system provides health care for all citizens?

In a market economy all of the wants and needs are provided by the market.

What kind of economic system does the United States have?

Which of the following is an example of a good?

What type of economy is mostly based on rituals, habits, and customs?

What are natural resources?

Which of these best describes a command economy?

The interaction of supply and demand, Profit Incentive, and Entrepreneurs are...

What is one way the Constitution protects the free enterprise system?

A person who believes that wealth should be evenly distributed throughout society is

Social Security withheld from your paycheck is for

Which place best describes where you would find a command economy today?

What is the profit motive?

Health insurance for the elderly, the poor, and the disabled is provided by

What is one way the government might try to promote economic growth?

In a traditional economy...

What do people supply in return for factor payments?

To improve its standard of living, a nation’s economy must

Name a country that has a command economy.

_____ is the amount of product that is available for one customer.

Beijing has lots of pollution because of all of the following EXCEPT-

A type of economy in which the government makes decisions.

Competition is a driving force in a free enterprise economy.

Which of the following economics systems would best fit in the box below?

Which economic system does not encourage businesses to make their product better?

A main reason why command economies aren't successful is that government (not people) make __?

Subsistence Farming = 

Which of the following countries has the purest command economy?

In which economic system would you expect wide selection of consumer goods?

Which of the following describes the physical flow from households to firms?

Which economic system would NOT have the government providing health care, food stamps, etc.?

Which is a positive externality of a new high school?

How will consumers react to the incentive of a higher price on a good or service?

Which type of economy is most likely to provide the widest variety of shoes?

Which type of government system would be best associated with a planned economy?

A type of economic system in which there is no government involvement .

In a free enterprise system, who decides what will be produced?

In which of the following types of economies does the government regulate the money supply?

In a mixed economy the government provides the wants and the market provides the needs.