stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Duplicate of Economic Systems Review Flashcards | StudBud
Explore
/
Duplicate of Economic Systems Review
Duplicate of Economic Systems Review
10 terms
·
StudBud Administration
·
45 plays
Imported from external platform
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Profit is a financial loss
False
True
2
Scarcity is:
the surplus of an item
the short supply of an item
the control of an item
3
Read the Scenario Below:
Market
Command
Mixed
Traditional
4
Read the Scenario Below:
Market
Traditional
Mixed
Command
5
Tyler mows lawns and does other yard work for $10 an hour.
Tyler is limited by the government
Tyler is a consumer
Tyler is a producer
Tyler is an innovation
6
Read the Scenario Below:
Mixed
Market
Traditional
Command
7
Maria goes to the store and buys a new backpack.
Maria is owning a business
Maria is a consumer
Maria is a producer
Maria is making a profit
8
Read the Scenario Below:
Command
Mixed
Market
Traditional
9
Read the Scenario Below:
Supply & Demand
Innovation
Competition
Opportunity Cost
10
Surplus is the amount left over after an achievement.
False
True
