1. How does a traditional economy answer the three basic economic questions? 2. Where are traditional economies usually found? 3. Describe the traditional economy of the Inuits. 4. What is a command economy? 5. In the former Soviet Union, what happened to consumer goods when the country became an industrial power? 6. Under socialism, who owns a country's major industries? 7. What is a democracy? 8. What type of economic system is found in many European countries? 9. Which economic system is based on the belief that people work to the best of their abilities? 10. In a dictatorship, how are people ruled