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Types of Economies Flashcards | StudBud
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Types of Economies
Types of Economies
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StudBud Administration
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economic systems
Flashcards
15 cards
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Questions
15
Answers
1
In Israel's economy, the consumers and the government share control. They have a...
free market
democracy
mixed economy
command economy
2
This type of economy is all about supply and demand.
market
tradtional
economy
command
3
When the customs of generations before decide how you will produce goods, you have a...
free country
traditional economy
market economy
confederation
4
The government controls this type of economy.
market
command
tradtional
taxes
5
In this economy, people follow what their parents have always done.
market
tradtional
generation
free
6
In Saudi Arabia, the government controls what to produce. They have a...
command economy
mixed economy
market economy
autocracy
7
Most countries today have have characteristics of all types of economic. This is called a....
mixed economy
embargo
following traditions
economic blend
8
What type of economic system does the United States have?
tradtional
market
mixed
command
9
In this economy the consumers make all the decisions
market
democracy
command
tradtional
10
Some tribes in the Middle East produce what their parents produced, this is what economy?
tradtional
command
democracy
market
11
In what economic system do consumers decide how to produce goods?
taxes
tradtional
market
command
12
There are no real examples of countries that have this type of economy anymore in the world.
embargo
market
tradtional
command
13
In a market economy, who decides what to produce?
business leaders
teachers
the government
consumers
14
In this type of economy the government decides what to produce.
command
oligarchy
mixed
autocracy
15
Which of the following is not a economic term?
market
tarriff
embargo
oligarchy