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Economic Systems Flashcards | StudBud
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Economic Systems
Economic Systems
10 terms
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StudBud Administration
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153 plays
#government #economics
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which economic system?
Free Market Economy
Command Economy
Traditional Economy
Mixed Economy
2
Which economic system: Government
owns
property
or
resources
.
Free Market Economy
Traditional Economy
Command Economy
Mixed Economy
3
Which economic system: Individuals and businesses make decisions for the
private
sector.
Free Market Economy
Mixed Economy
Traditional Economy
Command Economy
4
Which word is associated with "agrarian?"
Economy
City
Farm
Taxes
5
Which economic system: When the things you own are passed down within your family.
Command Economy
Mixed Economy
Traditional Economy
Free Market Economy
6
Which economic system. Typically agrarian societies.
Command Economy
Traditional Economy
Free Market Economy
Mixed Economy
7
Which economic system: Where you have "
no choice."
Command Economy
Mixed Economy
Traditional Economy
Free Market Economy
8
Which economic system: The
most common economic
system today
.
Free Market Economy
Mixed Economy
Command Economy
Traditional Economy
9
What is "profit?"
Income greater than expenses
Paycheck
Expenses greater than income
Taxes
10
Which economic system: When people
own
property
or
resources
.
Command Economy
Free Market Economy
Traditional Economy
Mixed Economy
