stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
ICEV Economic Systems Flashcards | StudBud
Explore
/
ICEV Economic Systems
ICEV Economic Systems
20 terms
·
StudBud Administration
·
547 plays
#economic systems #icev
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
Complete governmental control is a characteristic of which of the three main economic systems
Socialism
Capitalism
Complete control is not a characteristic of any of the three
Communism
2
Which of the following is a country which operates under command/communism?
North Korea
Mexico
United States
Great Britain
3
What is another name for the private enterprise system
Fascism
Communism
Socialism
Capitalism
4
Which of the following is NOT one of the four economics the United States has experienced?
Agricultural economy
Technology economy
Industrial economy
Service economy
5
Which of the following began at the dawn of civilization
Industrial economy
Information economy
Service economy
Agricultural economy
6
Which of the following is a country which operates under control/socialism?
Italy
Canada
France
Mexico
7
Which of the following took over America in the late 1900's
Information economy
Agricultural economy
Industrial economy
Service economy
8
Little freedom is selecting a career and workplace is a characteristic in which economic system
Communism
Fascism
Socialism
Capitalism
9
A private enterprise systems permits which of the following to make economic decisions?
States
The republic
Government
Individuals
10
A private enterprise system does NOT, which of the following to motivate businesses to succeed
States
The republic
Individuals
Government
11
Which of the following is an advantage of communism
Lacks in meeting consumer needs
Prevents people from making economic decisions
Maintains medium governmental control
Allows for large changes to be made quickly
12
Which of the following is a characteristic of an entrepreneur?
Self deprecation
Pessimism
Fear
Risk taking
13
Which of the following is NOT one of the three main economic systems?
Capitalism
Socialism
Fascism
Communism
14
Which of the following economic systems allows citizens full freedom in choosing a career?
Capitalism
Socialism
Fascism
Communism
15
Which of the following is NOT a country with a traditional economy
Canada
Bangladesh
Ecuador
Chad
16
An entrepreneur does NOT do which of the following with the risks of a business or enterprise
Manages
Assumes
Displaces
Organizes
17
Which is NOT one of the three freedoms individuals have in a private enterprise system?
Choose career or workplace
Produce and sell goods and services
Import and export of goods and services
Buy goods and services
18
Which of the following is the way a society produces good and services
Marxism
Laissez faire
Economic systems
Socialism
19
Which of the following is NOT one of the three main types of economic systems?
Strong Arm
Command
Market
Traditional
20
Which of the following is a country which operates under a traditional economy?
Sweden
Cuba
North Korea
Ecuador
