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Market Economy Flashcards | StudBud
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Market Economy
Market Economy
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Quiz for 2nd hour introduction to business class
Flashcards
7 cards
F
Practice quiz
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Host live
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Questions
7
Answers
1
Which economy is free competition &prices are determined by the interaction of supply & demand?
Traditional Economy
Command Economy
Mixed Economy
Market Economy
2
What empire did they first notice Market Economy in?
Persian Empire
Roman Empire
Mongol Empire
British Empire
3
A market economy does not exchange capital goods in capital markets.
False
True
4
Why were the Market Economies threatened during most of the 20th century?
By the concept of Mixed economy
By the concept of centrally planned state economies
By the concept of little state economies
5
Which country uses Market Economy?
North Korea
Canada
China
India
6
When was market economy first used?
9000 B.C.
2000 B.C.
1500
1900
7
Which country does not use market economy?
Iceland
United Kingdom
Denmark
Hong Kong
