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Government & Economic Systems Flashcards | StudBud
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Government & Economic Systems
Government & Economic Systems
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StudBud Administration
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A social studies quiz reviewing Government & Economic Systems.
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
What type of economic system does United States have?
Market Economy
Traditional Economic System
Command Economic System
2
What is Communism?
When government has complete control over goods and services
When the people have control over goods and services.
When a group of people has control over goods and services.
None of the Above
3
What is a Market Economy?
An economy determined by the Government
An economy determined by the State
An economy determined by buyers and sellers
4
Democracy is...
Rule by one person with absolute power
Rule by a few
Rule by the people
5
Oligarchy is...
Rule by the people for the people
Rule by a President
Rule by a King or Queen
Rule by a few
6
Autocracy is...
Rule by all
Rule by one person with absolute power
Rule by a few
Rule by the people
7
Socialism & Capitalism fall under which type of economic system?
Traditional
Command
Market
8
What is a Command Economy?
An economy determined by the Government.
An economy that is determined by the State.
An economy determined by buyers and sellers.
