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Types of Economies Flashcards | StudBud
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Types of Economies
Types of Economies
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StudBud Administration
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economic systems
Flashcards
15 cards
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Questions
15
Answers
1
In Israel's economy, the consumers and the government share control. They have a...
democracy
free market
command economy
mixed economy
2
Most countries today have have characteristics of all types of economic. This is called a....
mixed economy
following traditions
economic blend
embargo
3
This type of economy is all about supply and demand.
tradtional
command
economy
market
4
The government controls this type of economy.
tradtional
command
market
taxes
5
In what economic system do consumers decide how to produce goods?
command
market
tradtional
taxes
6
When the customs of generations before decide how you will produce goods, you have a...
confederation
market economy
traditional economy
free country
7
In this type of economy the government decides what to produce.
oligarchy
command
mixed
autocracy
8
What type of economic system does the United States have?
market
mixed
tradtional
command
9
In this economy, people follow what their parents have always done.
tradtional
market
generation
free
10
In Saudi Arabia, the government controls what to produce. They have a...
mixed economy
market economy
command economy
autocracy
11
There are no real examples of countries that have this type of economy anymore in the world.
market
command
tradtional
embargo
12
Which of the following is not a economic term?
tarriff
market
oligarchy
embargo
13
Some tribes in the Middle East produce what their parents produced, this is what economy?
market
democracy
command
tradtional
14
In a market economy, who decides what to produce?
teachers
the government
consumers
business leaders
15
In this economy the consumers make all the decisions
tradtional
command
market
democracy