Economic Systems (Unit 5)

Question 1

CEO decides what to produce and how without interference

Accepted Answer

Market Economy

Question 2

In this system, Individuals have control but the government can also intervene to regulate the economy and businesses

Accepted Answer

Mixed

Question 3

In this system, individuals have free will to decide what goods/services to produce without government intervention

Accepted Answer

Market

Question 4

Government stops a business from discriminating against disabled workers

Accepted Answer

Mixed Economy

Question 5

System where companies can make the most profits

Accepted Answer

Market Economy

Question 6

Mostly people do jobs such as farming, hunting, and raising animals

Accepted Answer

Traditional Economy

Question 7

Dictator decides it&#x27;s in the country&#x27;s best interest to focus on resources on finding a cure for cancer

Accepted Answer

Command Economy

Question 8

In this system, Customs and tradition decide what to produce and how its distributed

Accepted Answer

Traditional

Question 9

Families grow their own vegetables and sell to other families in the town

Accepted Answer

Traditional Economy

Question 10

Cuba chooses to give healthcare to every citizen in its country

Accepted Answer

Command Economy

Question 11

There are 4 main types of economic systems. Which one lists all 4?

Accepted Answer

Traditional, Command, Market, Mixed

Question 12

What is an economic system?

Accepted Answer

how a society organizes the consumption of goods and services, how a society organizes the distribution of goods and services, how a society organizes the production of goods and services

Question 13

In this system, The government makes all the decisions of what to produce, how to produce and for whom to produce.

Accepted Answer

Command

Question 14

Apple and Microsoft choose to merge companies and increase prices of new phones

Accepted Answer

Market Economy

Economic Systems (Unit 5)

Questions 14

Economic Systems (Unit 5)

Questions 14