stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Duplicate of Economy Types Flashcards | StudBud
Explore
/
Duplicate of Economy Types
Duplicate of Economy Types
18 terms
·
StudBud Administration
·
87 plays
The students will analyze different economic systems.
Flashcards
18 cards
F
Practice quiz
P
Host live
L
Questions
18
Answers
1
This economy does not use money, instead they trade or Barter.
Traditional
Command
Free
Market
2
Example of Command Economies
Former Soviet Union
Canada
Australia
U.S.A.
3
Combination of Command and Market economy
Command
Traditional
Market
Mixed
4
Examples of Traditional Economy
North Korea
South African Villages
Cuba
America
5
People who start their own business in hope of making money
Employer
Entrepreneur
Employee
Business Owner
6
Command has
No Government Regulation
Some Government Regulation
No Business
Complete Government Regulation
7
In which government do the individual people
AND
the government make the decisions?
Market
Traditional
Command
Mixed
8
Economy with no government regulation
Traditional
Market
Communism
Command
9
What is a strength of Traditional Economy?
Our ancestors were smart
Predictable job and lifestyle
Everybody gets what they want
It makes people happy
10
Economy based on former cultures
Market
Command
Mixed
Traditional
11
Which is not a Mixed Economy?
Canada
Cuba
Mexico
United States of America
12
In which economy do the individual business owners make the decisions?
Anarchy
Democracy
Traditional
Market
13
How many types of economy are there?
7
4
36584368548639463846584768354658746
3
14
Which economy has the most competition between businesses?
Market
Traditional
Mixed
Command
15
What is a strength of a Command Economy?
The government is the smartest
This economy makes sure business is fair
Everybody does it
16
Which is not a decision that the government makes in a Command Economy?
For whom to produce it
How much of it to produce
How to produce it
What to produce
17
In which economy do the people make decisions?
Market
Command
Communism
Traditional
18
In which ECONOMY does the government make the decisions?
Mixed
Fascism
Command