©Mr. Breitsprecher & BreitLinks (www.breitLinks.com) All Rights Reserved. Economic Systems
Marketing I
Economic Systems Name: _____________________________
1. What are the three basic economic questions?
A.
B.
C.
2. What are the four types of economic system and, according to this video, how does each
answer the three basic economic questions?
A.
B.
C.
D.
3. According to this video, what type of economy dominates the world today?
©Mr. Breitsprecher & BreitLinks (www.breitLinks.com) All Rights Reserved. Economic Systems
4. How does this video use the term capitalism. Please describe how it is defined:
5. How does this video use the term democratic socialism”. Please describe how it is defined:
6. According to this video, what economic system is the U.S.? Do you agree or disagree?
Please explain why you believe this way.
7. What are some roles government in the United States (Federal, State, Local) have in our
mixed economy?