Economics Opener

Last updated over 7 years ago
5 questions
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How would you define economics in your own words?

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Guess what a market economy is. Hint: think about supply and demand

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Guess what a command economy is. Hint: think about a communism government

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Guess what a traditional economy is. Hint: think about how an economy with no money would work

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Do you think countries economies are exacly a market or exactly a command, or do you think that a country could be half and half?