5/8 Exit Application #6 Traditional, Command, Market

Tell me whether each of these describes a traditional, a command, or a market economy:

1. Johnny finds an apple tree. He picks lots of apples and shares them with everyone.

2. Johnny finds an apple tree. He puts a fence around it and starts charging people for the apples.

3. Johnny finds an apple tree. The government takes it and distributes the apples evenly amongst everyone.

4. Sally spends most of her time working hard to make herself more wealthy.

5. Sally’s wages are the same as everyone else around her no matter what types of job she does.

6. Sally spends most of her time looking for food or shelter.