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The Economies of the World Flashcards | StudBud
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The Economies of the World
The Economies of the World
9 terms
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StudBud Administration
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This Quiz will test the knowledge of economic systems.
Flashcards
9 cards
F
Practice quiz
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Host live
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Questions
9
Answers
1
Who is in charge of a mixed economy?
people
government
2
Who is in charge of a command economy?
plants
elephants
people
government
3
What kind of economic system does the United States of America have?
mixed
traditional
market
command
4
Who is in charge of a market economy?
money
penguins
food
people
5
Who is in charge of a traditional economy?
trading
government
people
6
What is scarcity?
a city with lots of scars
IDK
a short or small amount of a certain natural resource
not enough of the certain resource to sustain everyone
7
What kind of economic system has
NO
choice?
market
command
traditional
mixed
8
What kind of economy has competition?
traditional
mixed economy
command
market
9
What economic system has
NO
technology?
traditional
market
command
mixed
