| A | B |
|---|
| Protectionism | “We should set a quota on buying shoes from China because trade with them will bring our prices down.” |
| Protectionism | Belief that government should use trade barriers to protect it’s nation’s businesses. |
| Free-Trade | “Allowing trade gives smaller countries a change to grow economically.” |
| Free-Trade | Allowing each country to specialize in their comparative advantage will result in the best products at the cheapest prices. |
| Protectionism | “Infant businesses need to be sheltered from having to compete with big European businesses.” |
| Free-Trade | Belief that nations should trade without government regulation. |
| Free-Trade | “When America has to compete with China it will work harder and be more productive.” |
| Protectionism | “Other countries should worry about themselves, our government needs to look out for the overall American economy.” |
| Market | This economy is determined by the market - the free exchange of goods and services. |
| Command | This economy relies on government officials to answer three basic economic questions. |
| Market | The United States uses a _____________. |
| Market | Individuals answer three basic economic questions. |
| Market | Communism is most like a ___________. |
| Traditional | When a seal is killed, the meat is divided among the members of the community. |
| Traditional | This system bases its economy on past customs. |
| Traditional | Compared to the others, this economy probably generates the closest family bonds. |
| Command | The government has the power to decide what products will be produced. |
| Command | The government owns complete control over the factors of productions. |
| Traditional | In this economy, children mostly carry on the economic roles of their parents. |
| Market | This economic system has a profit motive. |
