Economic Systems Flashcards

1

Production number that factories must meet in a given month:

2

Incentive to make money

3

Customs and ritual drive decision-making in this type of economic system:

4

Choices that must be made:

5

The case Kelo vs. New London is primarily concerned with:

6

Another name for a market economy:

7

The following picture represents a(n):

8

In what year was unemployment highest?

9

Minimum wage is most closely associated with which of the following economic goals?

10

Which of the following is an example of a command economy?

Economic Systems