Families in a rural village grow crops using methods passed down for generations, and roles change slowly. Which economic system fits this decision-making?

A national planning office assigns steel, sets factory output goals, and fixes prices for most goods. Which economic system is being used?

Shop owners decide what to sell after watching customer demand, and prices rise or fall through competition. Which system relies on these choices?

Private farms sell food for profit, while the government sets safety rules and funds roads. Which economic system does this describe?

In an island community, elders decide when families fish and how the catch is shared according to custom. Which economy matches this pattern?

A government orders factories to make tractors instead of cars because a five-year plan gives farms priority. Which system is shown?

A clothing company produces more jackets after customers buy many of them, then lowers prices when rivals compete. Which system is at work?

A country allows private stores but also owns major rail lines and limits pollution from factories. Which system best fits it?

In a command economy, who usually decides what goods factories should produce and how resources are assigned?

In a market economy, who mostly answers what to produce by buying goods and competing to sell them?

In a traditional economy, who often decides how work is done and how goods are shared?

On the economic continuum, which two systems sit at the opposite ends?

If a ministry sets bread prices and tells bakeries how much flour to use, who is answering the basic economic questions?

When a restaurant changes its menu because customers stop buying one meal, who guides what is produced?

A village teaches children the same weaving jobs their parents learned, and families trade cloth locally. Who mainly decides how to produce?

A city allows food trucks to compete, but inspectors enforce health rules. Which choice in this city is made by the market rather than the government?

The United States has mostly private businesses, but the government taxes, regulates, and provides public services. Where is it on the continuum?

North Korea's government controls most factories, prices, and trade. Where does its economy fit on the continuum?

Japan has private companies and competitive markets, while the government regulates business and funds public services. Where does Japan fit?

Cuba has expanded some private business, but the state still controls many major industries. Where does Cuba fit on the continuum?

Hong Kong has low taxes, open trade, and very little government regulation of business. Where does its economy fit on the continuum?

China allows many private firms and trade, but the Communist Party directs key industries and planning. Where does China fit?

In 1986, Vietnam began the Doi Moi reforms, which allowed private businesses and foreign trade. Which way did these reforms move Vietnam on the economic continuum?

Entrepreneurs risk money to open a bakery because they can keep profits if customers buy bread. Which system relies most on this incentive?

A herding community keeps raising the same animals because ancestors used that way of life for centuries. Which incentive guides production?

Factory managers meet production quotas set by a central plan rather than chasing customer demand. Which system uses that incentive?

A business specializes in smartphones because it expects high sales and profits from global customers. Which system rewards this choice most directly?

A government offers subsidies for electric buses, while private companies build and sell them. Which economic system does this show?

Farmers plant the crop their families have always grown, even when another crop might earn more money. What drawback of a traditional economy does this show?

In a command economy, a state agency rewards a factory for meeting the steel target in the national plan. What problem can this incentive cause?