Question

Answer by telling which economy goes with what statment:

command economy


Traditional Economy


collective farms


the military


market economy


mixed economy


natural resources

1.
Economic decisions are determined by custom and habit

2.
Economic decisions are determined by the government

3.
Economic decisions are made by individuals who decide what to produce and what to buy.

4.
Has characteristics of a free market and free enterprise as well as some government planning and control.

5.
In the years after the communist revolution, the Chinese government organized farmers into

6.
The Japanese economy has to make up for the country’s lack of

7.
The government of North Korea has spent a great deal of the country's money on

Answer 1

1.Economic decisions are determined by custom and habit
Traditional Economy

2.Economic decisions are determined by the government
command economy

3.Economic decisions are made by individuals who decide what to produce and what to buy.
mixed economy

4. Has characteristics of a free market and free enterprise as well as some government planning and control.
market economy

5. In the years after the communist revolution, the Chinese government organized farmers into:
collective farms

6.The Japanese economy has to make up for the country’s lack of
natural resources

7.The government of North Korea has spent a great deal of the country's money on:
the military

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