Abbott Types of Economic Systems

What type of economic system is BEST represented by this image?

What type of economic system is BEST represented in this image?

Which system bases its economic decisions on cultural values and beliefs?

The watch industry simulation relates most to which system?

Most countries in the world today are what type of economic system?

Which type of economy is most likely to result in some people to become very rich while others may be poor?

Employers could most easily take advantage of or abuse workers in which type of economic system?

What person is MOST associated with a Command/Communist Economy?

What type of economic system does the United states use?

Workers might lack motivation to work hard in which type of economic system?

What economic system is about freedom and choice to use money and resources however you want?

Which of these is the closest example to a Command Economy?

The desire consumers have for a good or service is known as...

TRUE or FALSE No country in the world has a "perfect" market economy

Which type of economy generally only produces what it needs (through hunting, fishing, farming, etc)

What type of economic system is BEST represented by this picture?

Which type of economy ATTEMPTS to distribute goods and services equally?

While the USA has a mixed economy, which of the following systems does it relate most closely to?

Which economy is generally stable, since people did what their parents did, generation after generation?

What is the oldest types of economic system?

What type of economic system is totally controlled by the government?

"A way of deciding what to produce and how it is distributed." This is a definition of ...

The total amount of a specific good or service that is available to consumers is known as...

What economic system is a combination of Market/Capitalist and Command/Communist economies?