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Duplicate of Economic Systems Flashcards | StudBud
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Duplicate of Economic Systems
Duplicate of Economic Systems
20 terms
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StudBud Administration
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14 plays
A review of economic systems.
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
People do not own their own homes, businesses, or productive resources.
Traditional
Market
Command
2
Japan, United States, South Korea
Command
Market
Traditional
3
Little government interference.
Traditional
Market
Command
4
North Korea
Traditional
Market
Command
5
Ms. Stanton's class is considered a...
I am the Queen of England
Dictatorship
Democracy
Oligarchy
6
You are born into your job
Market
Traditional
Command
7
What type of economic system is in this photo?
Command
Market
Traditional
8
Aborigines, Mbuti
Because Grandma says so
Market
Command
Traditional
9
Ignores the basic wants and needs of people.
Command
Market
Traditional
10
Which system is often found in dictatorships?
Made in USSR
Traditional
Market
Command
11
A great deal of freedom
Traditional
Command
Market
12
Lack of flexibility to deal with day to day problems.
Market
Command
Traditional
13
Discourages new ideas.
Command
Traditional
Market
14
Most countries have this type of economic system.
Market
Traditional
Mixed
Command
15
People are not free to make decisions elders and ancestors make the decisions.
Traditional
Market
Command
16
Stems from tradition, ritual or habit.
Traditional
Market
Mixed
Command
17
What type of economic system is in this photo?
Market
Traditional
Command
18
Individual freedom is limited.
Mixed
Market
Traditional
Command
19
Government tells people what to do.
Market
Command
Traditional
20
What economic system is in this photo?
Market
Command
Traditional
