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Economic Systems Flashcards | StudBud
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Economic Systems
Economic Systems
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StudBud Administration
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Three main economic systems
Flashcards
7 cards
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Practice quiz
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Questions
7
Answers
1
A Market economic system is determined by producers and consumers.
False
True
2
Ancient Egypt is an example of a which economic system______
Mixed
Traditional
Command
Market
3
A Command economic system is determine by a group or council.
False
True
4
Countries that are examples of a Market economic system are United States & China.
True
False
5
A traditional economic system is determine by traditions & customs passed down from generations
False
True
6
A Traditional economic system is centered around family, tribe or social units.
True
False
7
There are _____________________________
three types of economic systems.
six types of economic systems.
