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Basic Economics Flashcards | StudBud

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Basic Economics

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Questions 10

Answers

1
A mixed economy is a mix of which 2 economic systems?
Command and free-enterprise
Traditional and command
Market and command
Market and socialist
2
Different economic systems include:
Capitalism, Mixed & Supply
Inflation, Mixed & Deflation
Capitalism, Mixed & Command
Production, Mixed, Nonproduction
3
Mixed economy is a combination of the three main economic systems.
False
True
4
What is economics?
satisfy people's wants and needs
all the above
social science
produce and distribute goods and services
5
What is an Economic System?
Definitely not this one.
A recording of how money is spent
A system of economics
Organized way of providing for people's wants and needs
6
How many types of Economic Systems are there?
69
5
3
4
7
All are economic systems except ........
Banking System
Mixed Economy
Command Economy
Free Market Economy
8
What are the types of economic systems?
none of the above
Exports and imports
Market and command
Yes.
9
what is economics about
work
the world within iself
money
Economics is the study that the production, distribution and consumption
10
what is an economic systems?
the ability to produce more of a given amount of resources.
A system on private ownership trade between buyers sellers.
The ways in which society answers the economic questions.
A system where power distribution is included.