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Economic Systems Review Flashcards | StudBud
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Economic Systems Review
Economic Systems Review
11 terms
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StudBud Administration
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434 plays
This is a review of Friday's Economic Systems presentation. We will review and discuss on Monday.
Flashcards
11 cards
F
Practice quiz
P
Host live
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Questions
11
Answers
1
China is now categorized as this economic system
Market
Traditional
Command
Mixed
2
This system is associated with the least government involvement
Traditional
Market
Mixed
Command
3
What is another name for a Traditional Economy
Command
Market
Subsistence
Mixed
4
The United States is now categorized as this economic system
Market
Command
Traditional
Mixed
5
This system is associated with the ideas of Karl Marx and communism.
Command
Market
Traditional
Mixed
6
This system only can exist in small, more isolated societies today.
Tradtional
Command
Mixed
Market
7
This system is associated with some government run and some privately run businesses.
Market
Command
Mixed
Traditional
8
North Korea has this system, characterized as having little or no market competion
Market
Traditional
Mixed
Command
9
This system is associated with the ideas of Adam Smith and capitalism.
Market
Traditional
Command
Mixed
10
This system is associated with the most governmental involvement
Command
Mixed
Traditional
Market
11
This system is associated with barter trade and earlier times (before money existed).
Command
Mixed
Traditional
Market
