stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics- types of economies short review Flashcards | StudBud
Explore
/
Economics- types of economies short review
Economics- types of economies short review
12 terms
·
StudBud Administration
·
400 plays
economics
Flashcards
12 cards
F
Practice quiz
P
Host live
L
Questions
12
Answers
1
Which of the following economies is usually controlled by a central government or figure head?
Traditional
Command
Market
Mixed
2
This describes the knowledge and skill set people bring to a job
Human consumption
Human skills
Human capital
none of the above
3
The United States is...
Market economy
Mixed Market economy
Capitalist economy
All of these!
4
Which of the following economies is usually based on custom and beliefs?
Market
Traditional
Command
Mixed
5
Land/natural resources, labor, capital and entrepreneurship are all part of the...
factors of production
labor force
economic factors
human capital
6
This type of economy usually has a stronger, overall economy
Mixed
Market
All of the above
Mixed-Market
7
This type of economic system is usually another name for a capitalist system.
Mixed
Traditional
Market
Command
8
Bill gates, Mark Zuckerburg, Creator of Twitter can all be known as...
Dudes
Inventors
Entreprenuers
Techies
9
Usually associated with the ability to make a profit and free-enterprise existence.
Command economies
none of the above
Capitalism
Traditional economies
10
This can vary from place to place- country to country- economic class to economic class
Factors of production
Law of supply
Standard of living
Capitalism
11
What does it mean if there is a lack of something?
Law of supply
Scarcity
Law of demand
standard of living
12
This type of economy is usually in underdeveloped nations.
Market
Mixed
Traditional
Command