Economics Misconception

Economics Misconception

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  • Differences of Opinion
  • Oh no! Not again! 
  • How could that work? It sounds terrible!
  • You would be surprised. You may think it is terrible, but some people prefer it that way. Almost every economy has some sort of government influence. That is but one. 
  • The Void 
  • This is a Market economy . They are an economy where all resources are controlled by the people. They are not real. There is no economy that has no government influence; however, USA and U.K are some of the closest you can get. 
  • Running to Russia
  • Yes! Welcome to Russia, similar to America and China, Russia is a mixed economy. That means both people and the government control resources.   
  • Whoo! Finally somewhere normal. That other place gave me the willies!
  • Cuba and other countries, like North Korea, use a command economy where the government has control over all the resources. 
  • Hurrying Home
  • Great I think I have seen enough to pass my test. That's all of them right?  Please take me home now!
  • Kaz explains that there is no real Market economy due to the governments influence in all countries.  Although France, America, and the UK are very close to being a market economy. 
  • Prepared to Pass
  • Well I hope you remember what I have told your good luck!
  • Russia and China are a market economy. This allows for more freedom in what is sold and what is available. It is the closest to total freedom that is present in the world. 
  • 100%
  • 100%
  • After finishing explaining each type of Capitalism Kaz takes Cinder home. 
  • Those are the basics yes. I suposse if you are ready to go back then we can. Prepare yourself!
  • Never being able to forget what has happened to her, Cinder decides she does not need to study and sleeps. 
  • I know I will get a hundred! Mainly because I will never forget this traumatizing experience!
  • Cinder gets a 100% after learn so much the night before. 
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