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5 Written questions

5 Matching questions

  1. market economy
  2. private enterprise
  3. quota system
  4. socialism
  5. traditional economy
  1. a the capitalist system
  2. b an economy in which buyers and sellers decide what to make, how much to make, and for whom
  3. c a system that sets aside a certain number of jobs or admission openings for ethnic groups and women
  4. d an economic system in which the government owns the basic means of production and decides how resources should be used
  5. e an economy is which people exchange goods and services

5 Multiple choice questions

  1. the basic resources in an economic system
  2. means of production
  3. the growth of industries such as manufacturing
  4. a block in international trade put in my place by the government
  5. a system in which buyers and sellers make their own choices about what to produce , how much to produce, and for whom

5 True/False questions

  1. subsidya government payment to the producer of a good or service

          

  2. central planningthe government that acts for all the states within the country

          

  3. communemeans of production

          

  4. nationalizationthe growth of industries such as manufacturing

          

  5. entrepreneura combination of small farms that have been taken over by the government

          

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