economics

Question 1

An economic system based on beliefs/religion, mainly hunting/fishing

Answer 1

Traditional economy

Question 2

the government controls all economy and production

Answer 2

Command economy/socialism

Question 3

the companies own all economy without government intervention

Answer 3

Market-driven economy/capitalism

Question 4

A melting pot of all economies together.

Answer 4

Mixed economy

Question 5

trading without money

Answer 5

bartering

Question 6

more consumers=higher price

Answer 6

supply/demand

Question 7

companies compete without government intervention

Answer 7

free enterprise

Question 8

Government body chooses how everything will go, it is “planned”

Answer 8

centrally planned economic system

Question 9

mostly exports, scarce imports

Answer 9

Neomercantilism

Question 10

workers own it all

Answer 10

syndicalism

Question 11

policies and gender-aware economics

Answer 11

Feminist economy

Question 12

focuses on natural products and pollution-efficient work

Answer 12

green economy

Question 13

19th century economics reappearing in modern 2000’s

Answer 13

neoliberalism

Question 14

restricting foreign imports

Answer 14

protectionist

Question 15

nature and places all owned by the people

Answer 15

georgist

Question 16

all economy revolving over computing and online selling (ex. bitcoin)

Answer 16

digital economy

Question 17

an economy only existing in a virtual world (ex. currency in an online game

Answer 17

virtual economics

Question 18

2 economic sectors in 1 country

Answer 18

dual economy

Question 19

an economy based on illegality (ex. dark web)

Answer 19

underground economy/black market

Question 20

an economy without the use of money (NOT bartering)

Answer 20

natural economy

Question 21

an economy without taxes or monitoring

Answer 21

informal economy