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The Rise of Big Business Flashcards | StudBud

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The Rise of Big Business

6 terms·StudBud Administration·20 plays

American Economy, Supply & Demand, and Challenges to Capitalism

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Questions 6

Answers

1
What is Communism?
Doesn‘t Exist
Hands Off Government
Private Ownership of Business
One Party Rules Means of Production
2
What is Capitalism?
One Party Rules Means of Production
Private Ownership of Business
Doesn‘t Exist
Hands Off Government
3
What type of economy system does the United States have?
Capitalism
Communism
Traditional
Planned
4
Which countries still have a Communism economy system?
Cuba and North Korea
Russia and Ukraine
Canada and Great Britian
United States and Mexico
5
Capitalism and Free Enterprise mean the same thing?
False
True
6
Which three drives Price and Quantity of goods produced?
Demand
Profit of Margin
Shortage
Supply