Economic Systems Review Questions
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This document contains review questions on economic systems. The questions cover the different types of economic systems, economic resources for businesses and the student's preferred economic system.
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**[Economic Systems]** 1. What are the 3 types of economic systems? 2. What are the 3 economic resources? 3. What is another name for the 3 economic resources? 4. Select a business (If stuck use IKEA) and give an example of something that that business would use/need that falls under...
**[Economic Systems]** 1. What are the 3 types of economic systems? 2. What are the 3 economic resources? 3. What is another name for the 3 economic resources? 4. Select a business (If stuck use IKEA) and give an example of something that that business would use/need that falls under [EACH] of the 3 economic resources. 5. Which of the 3 economic systems (Pure Command, Pure Market or Mixed Market) would you personally prefer **to live in** if all 3 options worked as they were intended in theory and why (use evidence from the note/lesson to support your answer)?
