Back to classes
img  CLOSE REVIEW

Unit 3: Economic Institutions and Types of Economies

This review will guide you through an adaptive, research-backed study session. As you answer questions, we will actively assess your current understanding of the material. Questions will continue to be drawn until you have demonstrated mastery of each learning objective.

Reviews are graded based on completion. You will receive full credit for achieving 100% mastery or answering all questions.

Learning objectives for this review:

  • Identify the three fundamental economic questions and their significance.
  • Compare and contrast market, command, and mixed economies.
  • Explain the role of price as an allocation mechanism in different types of economies.