Economic Systems

Which country is home to the most free economy in the world?

Why are most economies now classified as being mixed?

Which diagram is being represented in the image?

Which economic diagram only illustrates the private sector of an economy?

Who is given credit for coming up with the ideas that inspired capitalism?

How is a communist country different from a socialist country?

There is no limit on how much doctors can charge for their services.

What did Adam Smith believe needed to be present in order for an economy to operate?

Which of following actions would be classified as a gov't program/service?

Who is given credit for coming up with the communist school of thought?

What do households have to pay to the government in a mixed economy?

What two economic systems became popular after WWII?

What group in America would be classified as practicing a traditional economy?

Which diagram is represented in the image?

Which of the following statements is NOT true about Adam Smith?

Where in America is there over a billion dollars worth of apples produced?

Why is the man pictured important in economics?

Which of the following books was written by Karl Marx?

The government imposes an 80 percent income tax.

This phrase illustrates Adam Smith's viewpoint of the government in an economic system:

Which sector of the economy does Mr. Quinn sell his labor to?

Which economic philosopher is pictured?

Which of the following economies would be classified as being communist?

Which of the following economies has the most free economy?

According to the communist manifesto, what had happen for a country to become communist?

What did Karl Marx believe was invented by the rich in order to keep the poor in their place?

What was the main thing that Karl Marx wanted for everyone?

What do businesses sell in exchange for money in a mixed economy diagram?

What do households receive for selling land, labor, and capital to businesses?

What year was the Communist Manifesto published?

Why is the man pictured important in economics?

What was the book that published to explain the ideas of capitalism?

Where on the economic index of freedom does the United States appear?

A group of people who refuse to use modern technology and are farmers have a:

Which crop does the state of Idaho choose to specialize in?

Citizens have the opportunity to work wherever they want.

The government and businesses agree on a law that requires workers to be paid $7.25 an hour.

Children are typically home-schooled and are taught to work on a farm.

What year was the wealth of nations published?

Which of the following countries has the least free economy?

Which economic philosopher is pictured?

The consumers tell the producers if the price of a good is too high or low.

How do governments traditionally impact its citizens' income?

What is the most common category used to classify most country's economic system?

The country has public and private ownership of natural resources.

In a free enterprise economy diagram, what do households sell to businesses?