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Economies and Culture Flashcards | StudBud
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Economies and Culture
Economies and Culture
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1
What word describes people who share multiple aspects such as language, history and beliefs?
Ethnic Group
Clubs
Consumer
Government
2
In this type of economy workers are paid the same regardless of effort.
mixed
command
market
3
Which word describes people's customs, language, art, religions, and everyday lives?
Culture
Economy
Government
Resource
4
A country whose goal is basic economic equality, most likely has a _________________.
command economy
market economy
mixed economy
5
The overall sum of what a country produces in goods and services each year.
RBI
GDP
Scarcity
Supply and demand
6
A country where all resources are owned by individuals and businesses has a___________.
market economy
oligarchy economy
command economy
7
What is a term to describe the worldwide exchange or spread of culture, ideas, and technology?
Socialism
Isolationism
Globalization
Democracy
8
A country whose education and healthcare are free, and prices are controlled by the government.
mixed economy
market economy
command economy
9
A country whose resources are all owned and controlled by the government has a ______ .
command economy
market economy
mixed economy
10
A country whose goal is economic freedom and individual profit has a_______________.
market economy
culture
command economy
11
North Korea has a __________.
command economy
mixed economy
market economy
12
The US has mostly a ___________.
market economy
traditional economy
command economy
13
Which is the process of exchanging goods and services within a country or between countries?
Trade
Economy
Government
Scarcity
14
A country where all workers compete for pay has a ______________.
market economy
run economy
command economy
15
Prices are set by supply and demand in a _______________.
market economy
mixed economy
command economy
16
A country whose prices are based on what consumers are willing to pay has a___________.
command economy
market economy