Traditional, command, market and mixed economies

Grade 7 Social Studies Worksheet

Circle the best answer.

2. 1.

   In a market economy, who mainly decides what to make, Milo asks?

   • One shopkeeper for the country
   • Custom handed down in families
   • A central plan with targets for each factory
   • Buyers and sellers
3. 2.

   In a command economy, how is the decision made, Noah asks?

   Use the picture in question 1.

   • By a coin toss
   • By prices set by supply and demand
   • By plans and targets
   • By custom and long tradition
4. 3.

   What is another name for a command economy, Pia asks?

   Use the picture in question 1.

   • A planned economy
   • A barter economy
   • A market economy with prices
   • A traditional economy with customs
5. 4.

   In the market chain, what happens when buyers want more of a good, Ren asks?

   Use the picture in question 1.

   • A central plan raises the target
   • Custom decides to make less
   • Its price falls to zero
   • Its price rises
6. 5.

   Which chain starts with buyers, Ari asks?

   Use the picture in question 1.

   • Both chains start with buyers
   • The command chain, with its central plan
   • Neither chain mentions buyers
   • The market chain
7. 6.

   Which chain starts with a central plan, Bo asks?

   Use the picture in question 1.

   • Both chains start with a plan
   • The market chain, with its prices
   • Neither chain has a plan
   • The command chain
8. 7.

   How do the two chains differ, Esme asks?

   Use the picture in question 1.

   • In who decides
   • One is good and the other is bad
   • One makes goods and the other makes no goods
   • They do not differ
9. 8.

   Jun's note says, "In a market economy, a central plan sets prices." Which fix is right?

   Use the picture in question 1.

   • Change "prices" to "customs"
   • Change "market" to "traditional"
   • Change it: supply and demand set prices
   • Leave it: plans set market prices
10. 9.

    Kira's note says, "In a command economy, buyers decide what factories make." Which fix is right?

    Use the picture in question 1.

    • Leave it: buyers set each factory's target
    • Change "command" to "barter"
    • Change it: a central plan decides
    • Change "factories" to "farms"
11. 10.

    Luz's note says, "Market economies are better than command economies." Which fix fits the chart?

    Use the picture in question 1.

    • Change "better" to "bigger"
    • Change it: the chart describes, not ranks
    • Leave it: the chart ranks the systems
    • Change "Market" to "Command"