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Economic Systems
Economic Systems
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StudBud Administration
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Economic Systems - Leaving Cert Chapter 7
Flashcards
7 cards
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Practice quiz
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Questions
7
Answers
1
The USA is a free market economy
True
False
2
A government tries to increase the economic welfare of its citizens by implementing economic policy
True
False
3
The government has a lot of control in a
Mixed economy
Free market
Centrally planned economy
4
What is not a type of economic systems ?
Centrally planned economy
Open market
Mixed Economy
Pure free market
5
Ireland is a .....
Free market
Centrally planned economy
Mixed economy
6
Resources allocated on supply and demand is what type of economic system
Pure free market
Mixed economy
7
Which type of economy lies in the middle of the three economic systems ?
Centrally planned
Mixed economy
