stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economic Systems Flashcards | StudBud
Explore
/
Economic Systems
Economic Systems
17 terms
·
StudBud Administration
·
26 plays
#socialstudies
Flashcards
17 cards
F
Practice quiz
P
Host live
L
Questions
17
Answers
1
Government got no life, _______. They tell us what to make & we do it with no fight.
command
mixed
market
traditional
2
What type of economy is this?
command
mixed
traditional
market
3
UK, Germany and Russia have this type of economy: ________.
market
command
mixed
traditional
4
In this economy people make what they need to survive: clothes, food, shelter, tools
mixed
traditional
command
market
5
Which are the 2 economic systems with no government?
command
mixed
market
traditional
6
The people have control, _______. We make what we want and we sell it how we like.
mixed
market
traditional
command
7
Most countries are my type_______, a little bit of government but we sell what we like.
traditional
command
market
mixed
8
In this economy the government controls everything (-)
command
mixed
market
traditional
9
What are the three basic questions of the economic system?
Where, why, what
For what, why, who
When, where, how
What, how, for whom
10
people own private businesses to sell what they want no gov't at all supply and demand
command
traditional
mixed
market
11
How does a command economy answer the economic questions?
People can be entrepreneurs
None of the above
Decisions upon government
People follow ancestors
12
In this economy I own my business, and am protected by the government as a consumer.
market
command
traditional
mixed
13
How does a traditional economy answer the economic questions?
Decisions upon the government
None of the above
People decide on their own
People follow ancestors
14
What type of economy is this?
mixed
market
command
traditional
15
What type of economy is this?
traditional
command
market
mixed
16
We don't need no money, __________. We make what we need cause that's always how we've done it.
command
traditional
mixed
market
17
How does a market economy answer the economic question?
People follow ancestors
People can be entrepreneurs
None of the above
Decisions upon government
