Economic Systems Flashcards

1

Singapore is a good example of this economic system

2

In a mixed market economy, both the govt and individuals answer the three economic questions.

3

Which economic system has the advantage of competition to drive down prices?

4

China is an example of this economic system

5

Which of the following is an example of a command economic system?

6

A command economic system is when which of the following answer the three economic questions

7

Which of the following is not one of the three economic questions?

Economic Systems