1. Practice EOCT Questions
Market Systems

2. Which of the following is NOT one of the three basic economic questions that must be answered in an economy?
A      What to produce
B       When to produce
C      How to produce
D      For Whom to produce

3. 2. Competition and free enterprise are most common in which type of economic system?
A      traditional
B       market
C      communist
D      planned

4. 3. Which type of economic system is MOST likely to experience high amounts of government regulation and low amounts or private ownership?
A      market
B       command
C      traditional
D      international