stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economic Systems Flashcards | StudBud
Explore
/
Economic Systems
Economic Systems
10 terms
·
StudBud Administration
·
149 plays
Econmics Chapter 2
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
What is a mixed economy
An economy with a a diverse racial background
When the economy has more than one currency
An economy that cant reach a mutual decision on regulations
When characteristics of more than one economy are combined
2
Who answers the three basic economic questions in a command system
Trump
The Laity
Government
United Nations
3
A good free enterprise system requires to take on what responsibilities
Saving
Spending money
Becoming a productive member of society
Electing responsible officials
4
Which is a system that is based on customs and beliefs passed on to each generation?
Moral Economy
Traditional Economy
Command Economy
Trump Economy
5
In Which system do individuals own the means of production?
Capitalism
Free Enterprise
Market System
China
6
True or False: the market is a physical place
False
True
7
Which is not a result of economic growth
Rise in birth rate
More goods
Wealth
Jobs
8
What is a laissez-faire system?
Economy run by local goverments
A mess
A system run by the people: people do what they want
A system that speeds up cooking of french food
9
Choose the best answer. What is private property?
Anything owned by individuals
Everything Trump
Land owned by the goverment
Land owned by the Laity
10
What type of Economy is used in America
A Broke one
Market Economy
Free Enterprise
Capitalism
