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Global Regents Review: Economic Systems Flashcards | StudBud
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Global Regents Review: Economic Systems
Global Regents Review: Economic Systems
8 terms
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StudBud Administration
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302 plays
#GlobalHistory #NYSRegents #EconomicSystems
Flashcards
8 cards
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Questions
8
Answers
1
Economic system of the Middle Ages
Imperialism
Isolationism
Manorialism
Feudalism
2
Which of the following is a current communist nation?
Cambodia
South Korea
United States
Vietnam
3
Involves bartering for goods
Command Economy
Market economy
Mixed Economy
Traditional economy
4
Goal is to create a favorable balance of trade by exporting more than importing
Traditional
Mercantilism
Manorialism
Market Economy
5
Based on supply and demand
Manorialism
Capitalism
Traditional economy
Communism
6
Private ownership and profit incentives
Communism
Capitalism
Manorialism
Traditional
7
Complete government control of business
Traditional
Laissez Faire
Communism
Capitalism
8
Government has little to no involvement in business
Capitalism
Laissez Faire
Traditional
Mixed
