Basic American?



1. What types of economies operate without the help of money?
barter
command
monetary
2. Almost all existing economies can be described as what type of economy?
traditional
command
mixed
3. A capitalist system can also be called a:
market economy
command economy
mixed economy
4. What is the next step after making the decision to purchase a good or service?
gather information
make the purchase
consider the opportunity cost
5. For consumers it is important to make sure savings are not outweighed by
cost of transportation.
comparison shopping.
age of the product.
6. What is the name of the type of store that offers bulk items at low costs?
neighborhood stores
convenience stores
club warehouses
7.What is the name of the type of stores that are open longer hours but have the trade-off of higher prices?
neighborhood stores
convenience stores
club warehouses

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2 Responses to “Basic American?”

  1. 1. barter
    2. command
    3. market
    4. consider opp cost
    5. age of product
    6. warehouses
    7. convenience store

  2. 1. barter
    2. mixed
    3. market
    4. consider opportunity cost
    5. age of product
    6. club warehouses
    7. convenience store

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