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Market Economy Flashcards | StudBud

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Market Economy

5 terms·StudBud Administration·345 plays

Quiz on Market Economy for an entrepreneurship or sales and marketing class.

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Questions 5

Answers

1
Which one of these is not a characteristics of Market Economy?
Competition
Limited Government
Private Property
traditions, customs, and beliefs
2
Who takes on financial risk in starting a new business in a market economy?
combination of government planners and individual investors
individual business people
government planners
consumers
3
Which of the following countries do not use Market Economy?
Australia
Cuba
Singapore
Hong Kong
4
The market economy is used in countries that are less developed.
False
True
5
The government determines what, how, and for whom products and services are produced.
False
True