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Economic Systems
Economic Systems
10 terms
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StudBud Administration
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36 plays
Chapter 2: #Economic #Systems. Fourth period Mr. #Vincent's class
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
Which country has the most centrally planned economy?
United Kingdom
Iran
Poland
North Korea
2
The United States enjoys a high level of-
economic freedom.
economic decline.
suffering.
3
A higher standard of living is a sign of what?
Economic equity
Economic growth
Economic stability
Economic decline
4
Which of the following is not an economic system type?
Free Market
Laissez faire
Traditional
Mixed
5
What Good and Services should be produced?
Products that have a shortage.
The ones that benefit the people the most.
The cheapest products to produce.
The ones that create the most profit.
6
What is a characteristic of an Authoritarian government?
Limit of freedom
Freedom
Absolutely no freedom
7
The United States has what type of economic system?
Socialism
Capitalism
Communism
8
Who consumes goods and services?
Society
Plants
Animals
9
Which of the following is an Economic goal?
Free Market
Economic Efficiency
All of the Above
Competition
10
Which of the following is an example of a centrally planned economy?
Socialism
Republic
Democracy
