ECONOMIC SYSTEMS REVIEW

An economic system based on competition, free trade and private ownership is known as:

Guatemala and Afghanistan are Developing Countries.

In a ______________economy , people grow their own food and make their own goods.

_____________________ determines prices in a market economy.

The life expectancy is lower in a _______________ country.

In which economic system are individuals and businesses free to buy and sell what they wish?

Market Economy is also frequently referred to as:

A ___________________ country has less access to technology and/or healthcare.

An economic system consisting of a combination of two or three economies is known as a:

In a _______ _______, trade may take place through barter or exchange of goods without money.

In a market economy, prices are determined by:

An economic system that consists of a combination of market and command economies is known as:

The most common type of economy in the world:

An economic system in which the central government makes all decisions is known as:

A _____________________ country has a strong economy and high quality of life.

All early civilizations had the ___________type of economy.

THE UNITED STATES OF AMERICA IS A DEVELOPED COUNTRY.

North Korea and Cuba have the ___________type of economy.

In which form of economic system does the government have all control?

People living in developing countries have access to excellent medical care.