S&E Asia Economies & Factors of Production Review

Mrs. Diebboll needs our help! She was thinking of a type of economic system, but can't remember which one.

She was thinking of the economic system that is based on supply and demand. Which type is it?

Ms. Rogers needs our help! She was thinking of a type of economic system, but can't remember which one.

She was thinking of the economic system where the government is making all the decisions. Which type is it?

Dr. Bone needs our help! She was thinking of a type of economic system, but can't remember which one.

She was thinking of the economic system that is based on traditions and customs. Which type is it?

Mrs. Staples needs our help! She was thinking of a type of economic system, but can't remember which one.

She was thinking of the economic system that is a mix of a command and market economy. Which type is it?

What type of economies do China, India, AND Japan have?

True or False: North Korea and South Korea have the same economy.

Mrs. Stewart needs our help! She forgot the vocab word for one of the factors of production.

She was thinking of the machines, factories & equipment that are used to produce goods, like a machine to produce a small motor. Which factor of production is it?

Dr. Askew needs our help! She forgot the vocab word for one of the factors of production.

She was thinking of the resources that are found in nature, like water, trees, minerals, or oil. Which factor of production is it?

Mrs. South needs our help! She forgot the vocab word for one of the factors of production.

She was thinking of a person whose is doing a job or operating a machine. Which factor of production is it?

Ms. Rogers needs our help! She forgot the vocab word for one of the factors of production.

She was thinking of a person who is going to take on the risks to start their own business. Which factor of production is it?