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Economic System Gov Flashcards | StudBud
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Economic System Gov
Economic System Gov
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StudBud Administration
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31 plays
economic systems, Traditional, Command, Free Market, Mixed.
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Questions
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1
There are no real examples of countries that have this type of economy anymore in the world.
tradtional
Mixed
free market
command
2
The government controls this type of economy.
Tradtional
Command
Free Market
Mixed
3
In this economy the consumers make all the decisions
tradtional
command
market
democracy
4
Which of the following is not a economic term?
Limited Resources
Consumers
Unitary, Federal, Confederate
Needs/Wants
5
In Saudi Arabia, the government controls what to produce. They have a...
autocracy
command economy
market economy
mixed economy
6
In this economy, people follow what their parents have always done.
Tradtional
Mixed
Free Market
Command
7
In a free market economy, who decides what to produce?
the government
teachers
business leaders
consumers
8
In the U.S. economy, the consumers and the government share control. They have a...
free market economy
mixed economy
command economy
traditional economy
9
This type of economy is all about supply and demand.
market
tradtional
command
economy
10
In this type of economy the government decides what to produce.
autocracy
oligarchy
command
mixed
11
Some tribes in the Middle East produce what their parents produced, this is what economy?
Free Market
Command
Tradtional
Mixed
12
When the customs of generations before decide how you will produce goods, you have a...
market economy
confederation
traditional economy
free country
13
What type of economic system does the United States have?
command
free market
tradtional
mixed
14
Most countries today have have characteristics of all types of economic. This is called a....
mixed economy
following traditions
embargo
economic blend
15
In what economic system do consumers decide how to produce goods?
Free Market
Command
Traditional
Mixed