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Economic Systems Flashcards | StudBud
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Economic Systems
Economic Systems
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StudBud Administration
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Econ Ch. 2 Review
Flashcards
7 cards
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Practice quiz
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Questions
7
Answers
1
When women tend crops and raise children while men hunt is found in what type of economy?
Command
Market
Mixed
Traditional
2
Karl Marx stated that wage slavery was created by the:
Industrial Revolution
Agricultural Revolution
American Revolution
French Revolution
3
Elements of Traditional, Command, and Market economies are combined in a:
Central economy
Free market economy
Mixed economy
Socialist economy
4
According to Karl Marx, all of history is a struggle of what?
businesses
classes
producers
consumers
5
Freedom of economic choice is one of the chief advantages of which type of economy?
Market
Mixed
Command
Traditional
6
When government decides all the distribution of all resources is a part of what economy?
Traditional
Command
Market
Mixed
7
Producers and consumers drive the economy of what kind of economic system?
Mixed
Traditional
Command
Market