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Rhian hill economic project Flashcards | StudBud
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Rhian hill economic project
Rhian hill economic project
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Flashcards
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Questions
10
Answers
1
What countries have a full free market economy
Canada
Singapore
None
United States
2
What is command economy
When the people and the government make the economic decisions together
When the central government makes all the economic decisions
3
What is Market economy
When supply and demand drive the economic decisions
When to people drive the economic decisions
4
What economy does American have
Pure command
Traditional
Mixed
Pure market
5
Where does the modern American economy get its roots from
European settlers
Asia
Africa
Native Americans
6
Economy is the wealth and resources of a country or region
True
False
7
What is the most common type of economic system
Pure market
Traditional
Pure command
Mixed
8
What country has a Market economy
Singapore
Canada
Hong Kong
Switzerland
9
Mixed economy is when the private market and the government control the factors of production
True
False
10
What are the four main types of economy systems
Pure market ,pure command, Traditional,mixed
Land, farming, gas, electric
Main, secondary, academic,source
