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Economic Systems Flashcards | StudBud
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Economic Systems
Economic Systems
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Review 7th grade SS NC Final
Flashcards
10 cards
F
Practice quiz
P
Host live
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Questions
10
Answers
1
What is "profit?"
Paycheck
Expenses greater than income
Taxes
Income greater than expenses
2
Which economic system: When the things you own are passed down within your family.
Traditional Economy
Free Market Economy
Mixed Economy
Command Economy
3
Which economic system: Individuals and businesses make decisions for the
private
sector.
Traditional Economy
Free Market Economy
Command Economy
Mixed Economy
4
Which word is associated with "agrarian?"
Economy
Taxes
Farm
City
5
Which economic system: Government
owns
property
or
resources
.
Traditional Economy
Command Economy
Mixed Economy
Free Market Economy
6
Which economic system: The
most common economic
system today
.
Free Market Economy
Traditional Economy
Mixed Economy
Command Economy
7
Which economic system?
Free Market Economy
Command Economy
Mixed Economy
Traditional Economy
8
Which economic system: When people
own
property
or
resources
.
Traditional Economy
Free Market Economy
Command Economy
Mixed Economy
9
Which economic system: Where you have "
no choice."
Mixed Economy
Free Market Economy
Command Economy
Traditional Economy
10
Which economic system. Typically agrarian societies.
Traditional Economy
Free Market Economy
Mixed Economy
Command Economy
