stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
4 Economic Systems Flashcards | StudBud
Explore
/
4 Economic Systems
4 Economic Systems
8 terms
·
StudBud Administration
·
387 plays
#economics
Flashcards
8 cards
F
Practice quiz
P
Host live
L
Questions
8
Answers
1
Everything is based on customs...
Traditional
Market
Mixed
Command
2
The type of economy the United States has...
Mixed
Market
Traditional
Command
3
People own their business but have regulations/rules to follow...
Market
Traditional
Mixed
Command
4
The government sets national production goals...
Traditional
Command
Mixed
Market
5
People have the most freedom to buy and sell...
Market
Traditional
Mixed
Command
6
No competition exists at all...
Command
Mixed
Traditional
Market
7
The government has no role ("laissez-faire" = hands off)
Traditional
Mixed
Command
Market
8
All members use barter (trade) instead of currency...
Command
Mixed
Traditional
Market
