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Economics Opener

Last updated almost 8 years ago

5 questions

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Question 1

1.

How would you define economics in your own words?

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Question 2

2.

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

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Question 3

3.

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

Question 4

4.

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

Question 5

5.

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?