Economic Systems Flashcards

1

What are the four factors of production?

2

What is the name of the currency the Philippines uses?

3

What is the currency of the U.S. called?

4

What economic system does the U.S. have?

5

A person who buys goods and services is called a

6

Wood, metal, and lead are all considered what kind of resource?

7

A mixed economy is a "mix" of what two other economic systems?

8

Economics can be defined as the study of how people make choices in a world with:

9

In which economic system does the government have all the control?

10

Hunting and gathering is an example of what type of economic system?

11

Having not enough paper for all your classes is an example of:

Economic Systems