stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Chapter 2 Test: Economic Systems Flashcards | StudBud
Explore
/
Chapter 2 Test: Economic Systems
Chapter 2 Test: Economic Systems
9 terms
·
StudBud Administration
·
28 plays
Chapter 2 Economics Review
Flashcards
9 cards
F
Practice quiz
P
Host live
L
Questions
9
Answers
1
Which of the following is a characteristic of a traditional economy?
Public services are available at little or no cost.
It discourages new ideas and new ways of doing things.
It has a great deal of economic freedom.
2
This economic system has the ability to change gradually over time and limits gov. interference
Command
Market
Traditional
3
The purpose of government in a command economy is to
promote economic freedom.
make major economic decisions.
encourage entrepreneurs.
4
A market economy
does not provide for everyone's basic needs.
limits the choices of goods and services available.
permits extensive government intervention.
5
The United States can best be described as having a
command economy.
modified free enterprise system.
traditional system.
6
Who plays 1 of the most important roles in a free enterprise system by starting new businesses?
government
workers
entrepreneurs
7
Which economic system can change direction quickly and drastically?
Mix
Command
Market
8
An example of a market economy is
The United States
the former Soviet Union.
North Korea.
9
Who is the best teacher in the world?
Mr. Eurell
Mr. Eurell
Mr. Eurell
