An island council has limited workers and wood, so it chooses to make more fishing boats instead of storage sheds. What basic economic question is being answered?

A village decides that families will plant corn by hand with shared tools rather than hire machines from a nearby town. What basic economic question is being answered?

After a harvest, leaders say each household gets grain based on the number of people in the household. What basic economic question is being answered?

A town can use its metal to make bicycles or wagons, and shopkeepers choose bicycles because many buyers want them. What basic economic question is being answered?

A fishing community chooses to catch fish with small boats and nets instead of one large motorboat. What basic economic question is being answered?

At a market, baskets of peaches go first to buyers who pay the posted price before noon. What basic economic question is being answered?

A school club can raise money by selling calendars or candles, and members vote to sell calendars. What basic economic question is being answered?

A furniture workshop decides that trained carpenters will use saws and drills to build tables. What basic economic question is being answered?

A food co-op gives vegetable boxes first to members who ordered ahead, then sells leftovers to visitors. What basic economic question is being answered?

Farmers in a dry region decide to grow cotton instead of rice because cotton needs less standing water. What basic economic question is being answered?

Herders teach children to move animals along the same seasonal route their grandparents used. What kind of economy does this best show?

National leaders order factories to build a set number of buses and assign steel to each factory. What kind of economy does this best show?

Shop owners decide how many shoes to sell after watching customer demand and prices in nearby stores. What kind of economy does this best show?

Families own farms and stores, while the government runs public schools and checks restaurant safety. What kind of economy does this best show?

A pottery village makes bowls with patterns and methods taught by elders for many generations. What kind of economy does this best show?

A planning office tells farmers how much wheat to grow and where the harvest must be sent. What kind of economy does this best show?

Independent bakers change bread types when customers buy more wheat bread and fewer rye loaves. What kind of economy does this best show?

Businesses sell phones for profit, and the government builds highways and provides courts. What kind of economy does this best show?

In one community, fishing places and methods are chosen by customs learned from elders. What kind of economy does this best show?

Taxi companies choose fares, drivers choose routes, and riders choose the service they prefer. What kind of economy does this best show?

A government agency assigns workers to mines and sets the price stores may charge for coal. What kind of economy does this best show?

Privately owned grocery stores set prices, while government inspectors enforce food safety rules. What kind of economy does this best show?

Families in a weaving village make cloth styles their community has made for generations. What kind of economy does this best show?

Software companies choose apps to make because customers buy downloads and investors hope for profit. What kind of economy does this best show?

The price of strawberries rises because many buyers want them, so farmers plant more next season. What role do prices play here?

A family owns a bakery and chooses its recipes, ovens, and workers. What role does private ownership play here?

Two toy stores lower prices and improve displays to attract shoppers. What role does competition play here?

A shoe company expects profit if its running shoes sell well, so it makes more pairs. What role does profit play here?

A store has many unsold winter coats, so it lowers the price and orders fewer coats next year. What role does price play here?

A farmer owns land and tools, then chooses to grow pumpkins for local stores. What role does private ownership play here?

Several food trucks sell lunch near a park, so each adds new menu choices to attract customers. What role does competition play here?

A high price for used bicycles shows many buyers want them and few are for sale. What role does price play here?

A repair shop earns profit fixing tablets, then opens another shop across town. What role does profit play here?

Two clothing stores compete by offering helpful service and lower prices. What role does competition play here?

In the United States, families and businesses choose most goods to buy and sell, while local governments build roads. What kind of economy is this?

In a command economy, who mainly decides what factories will produce?

In a market economy, what mainly decides which goods get produced?

A country ends its central planning office and lets businesses set their own prices and products. Which change would you expect?

In a traditional economy, what most decides how work is done?

Many countries run a mixed economy instead of a pure market economy. What is one reason for that?