What is NOT a difference between a market and command economies?

the amount of Starbucks in major cities

One of the board of directors' duties (teehee) includes which of the following?

represent stockholders in making decisions for the corp

What is the government's role in a command economy?

They own and strictly control everythang!

studbud

SW UNC3 Survival Theme Test Review

13 termsStudBud Administration116 plays

Social World Theme Test Review

Flashcards13 cardsFPractice quizPHost liveL

Questions 13

Answers

1
Which part of the business cycle is when an economy contracts?
Recession
Macarena
Expansion
Peak
2
The US economy can best be described as what kind of an economy?
mixed
traditional
command
market
3
Households give payments and labor to businesses in exchange for what?
good and plenty's and income.
death and taxes.
to prevent execution from their alien overlords.
goods and services and income.
4
When there is no incentive to make profit (like during a price freeze)...
people will take more risks.
people will take less risks.
people will watch the Kingdom of Mocha.
people will play Risk.
5
A small business that is owned by one individual is called a...
solo proprietorship
soul proprietorship
Seoul proprietorship
sole proprietorship
6
How do the majority of people purchase a home?
Mortgage
Winning a game show.
Cash
Diamonds
7
What is NOT a difference between a market and command economies?
the amount of Starbucks in major cities
the ability to have a free market
The ability to own private property
the government's role in regulations
8
Which is NOT a way the U.N. uses the economy to promote its aims of peace?
Peacekeeping
Funding
Pizza
Sanctions
9
Businesses will supply more products when they can sell them at...
with a large discount and a free puppy!
lower prices!
higher prices!
the Dollar Tree!
10
Demand for the Supreme crowbar is exceeding the supply and Supreme raises the price. This is...
an example of scarcity.
an example of stupidity.
an example of a great marketing team and terrible consumers.
an example of insanity.
11
When one company controls all production of a good or service it's called...
Sole Proprietorship!
Monopoly!
Corporation!
Amazon!
12
One of the board of directors' duties (teehee) includes which of the following?
decide who will be cast into the volcano to appease the gods
oversee the day-to-day operations of the company
represent stockholders in making decisions for the corp
sit around a big table, smoke cigars, and point fingers
13
What is the government's role in a command economy?
They own and strictly control everythang!
There is no government!
They are laissez-faire!
They respect a business' autonomah! (autonomy/freedom)!

SW UNC3 Survival Theme Test Review Flashcards | StudBud