stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economic Systems Flashcards | StudBud
Explore
/
Economic Systems
Economic Systems
10 terms
·
StudBud Administration
·
24 plays
Economic Systems Quiz
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
What statement is one of the basic economic questions?
Where does it belong?
Which one to buy?
What to produce?
How many people need it?
2
Prices are influenced by supply and demand.
Traditional
Command
Mixed
Market
3
An economic system that combines elements of all the other basic systems.
Command
Mixed
Traditional
Market
4
True or False: For whom to produce, is one of the basic economic questions.
True
False
5
Individual purchasing decisions determines the types of products and services offered.
Mixed
Command
Market
Traditional
6
When there is great need and little supply, the cost goes up.
Market
Traditional
Command
Mixed
7
Government owns natural and capital resources.
Market
Mixed
Traditional
Command
8
Individual freedom is limited.
Command
Mixed
Traditional
Market
9
Considered synonymous with either a communist or socialist economy.
Mixed
Market
Command
Traditional
10
An economic system heavily influenced by habits, customs, and religious beliefs.
Market
Traditional
Mixed
Command
