2.02 Economic Systems

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Economic Systems Examples Practice

Decide whether each of the following examples is representative of a traditional, command, free market, or mixed economy

1. Becoming a dentist like your dad.
   1. Command
   2. Traditional
   3. Market
   4. Mixed

   Answer: b. Traditional

2. Paying your income tax by April 15.
   1. Command
   2. Traditional
   3. Market
   4. Mixed

   Answer: a. Command

3. Opening a donut shop in a building you rent.
   1. Command
   2. Traditional
   3. Market
   4. Mixed

   Answer: c. Market

4. Signing up for healthcare on the affordable care website.
   1. Command
   2. Traditional
   3. Market
   4. Mixed

   Answer: a. Command

5. Closing your business on a Sunday for religious reasons.
   1. Command
   2. Traditional
   3. Market
   4. Mixed

   Answer: b. Traditional

6. Mercedes Benz building a plant in Vance, Alabama.
   1. Command
   2. Traditional
   3. Market
   4. Mixed

   Answer: c. Market