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Economic Systems Flashcards | StudBud
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Economic Systems
Economic Systems
9 terms
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StudBud Administration
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2,632 plays
#market economy #command economy
Flashcards
9 cards
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Questions
9
Answers
1
Which economic system will have little to no competition?
Command
None of the above
Mixed
Market
2
Which economy is most likely to see people voluntarily picking up more overtime?
None of these answers
Command
Mixed
Market
3
Which of the following countries has the purest command economy?
Vietnam
Russia
China
North Korea
4
Which economic system does the United States have?
Traditional
Command
Mixed
Market
5
Which type of economy is most likely to provide the widest variety of shoes?
All of the above
Traditional
Market
Command
6
Which economic system would NOT have the government providing health care, food stamps, etc.?
None of the above
Laissez faire
Mixed
Market
7
Which economy is likely to have the highest unemployment rate?
Command
Mixed
Traditional
Market
8
Which of the countries below has a pure market economy?
the United Kingdom (England!)
the United States
Mexico
None of the above
9
Which economy is least likely to value efficiency and more likely to value custom?
Market
Traditional
Command
Mixed