Economic Systems
Decide whether each of the following examples is representative of a traditional, command or free market economy.
1) Becoming a dentist like your dad.
a. Command
b. Traditional
c. Market
d. None of the above
answer: b. Traditional
2) Paying your income tax by April 15.
a. Command
b. Traditional
c. Market
d. None of the above
answer: a. Command
3) Opening a donut shop in a building you rent.
a. Command
b. Traditional
c. Market
d. None of the above
answer: c. Market
4) Signing up for healthcare on the affordable care website.
a. Command
b. Traditional
c. Market
d. None of the above
answer: a. Command
5) Closing your business on a Sunday for religious reasons.
a. Command
b. Traditional
c. Market
d. None of the above
answer: b. Traditional
6) Mercedes Benz building a plant in Vance, Alabama.
a. Command
b. Traditional
c. Market
d. None of the above
answer: c. Market