stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics Systems Review Flashcards | StudBud
Explore
/
Economics Systems Review
Economics Systems Review
10 terms
·
StudBud Administration
·
1,881 plays
10 questions about economics covering from the systems to the policies.
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Which question does NOT fit into the questions economic systems answer?
where to sell it
how to produce it
what to produce
who to produce it for
2
There is no pure ___________ economic system.
Mixed
Market
Traditional
Communism
3
What type of economy does the USA have?
Market
Traditional
Mixed
Command
4
Economics is the study of how to use limited resources to satisfy unlimited what?
decisions
money
wants & needs
supply
5
The primary motivating factor in a market economy is...
profit
quality goods
market stability
business growth
6
How many basic economic questions must every economic system answer?
3
9
7
2
7
In a command economy the decision on whom to sell the goods to is decided by who?
The producers
Consumers
Federal reserve
The government
8
What type of economy does the government control everything?
Mixed Economy
Traditional Economy
Command economy
Market Economy
9
This image portrays which economic system?
Market
Socialism
Communism
Traditional
10
What is another name for an entrepreneur?
Business Owner
Investor
Financial Advisor
Consumer
