Economic Systems Test Review

Traditional economies are based on?

What economic system would be on the FAR RIGHT of an economic scale?

What is the goal of subsistence agriculture?

What economic activities would you see in a free market economy?

Who makes important decisions concerning goods and services in Cuba and North Korea?

Which of these would a socialist economy not provide its citizens?

What type of economic system would you have in tribal parts of Africa?

What term would you associate with Commercial Agriculture?

Capitalism is based on wanting to make

Which of these is a tertiary economic activity?

Would a country that wants to make a profit want to have more imports or exports?

What form of economy do they have in France?

What does per capita mean?

Who controls all decisions in a command economy?

Which of these is NOT a quaternary activity?

What economic system is driven by making a profit?

What economic system would be on the FAR LEFT of an economic scale?

Which of these systems would you find the most competition?

What does GDP stand for?

Farming, fishing, and mining are examples of which economic activity?