Economics Review #2

____ economic system is when major industries are owned and controlled by the government.

Which of the following best describes a free market economy?

Which of the following economic systems does not encourage businesses to improve their product?

In which of the following types of economies does the government regulate the supply and demand

Which of the following best describes a traditional economy?

Economics is the study of

Which government system would be best associated with a command economy?

Denmark, Norway and Sweden all have what type of economy?

Which economic system does not exist in pure form?

____ economic system is when the government gets inolved as little as possible.

What type of economic system does the depicted country have?

What type of economy does the United States have?

____ economic system is a blend of both free market and planned economies.

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

___ economic system is based solely on supply and demand.

Which of the following is a type of mixed economy?