stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
CPAS Chapter 2 : Economic Systems Flashcards | StudBud
Explore
/
CPAS Chapter 2 : Economic Systems
CPAS Chapter 2 : Economic Systems
10 terms
·
StudBud Administration
·
60 plays
Based on Chapter 2 from the book "Economic Choices: Concepts and Choices" #economics #12thgrade
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
From who's ideas was communism developed?
Matt Jackson
Karl Marx
Kim Jong Il
Mao Zedong
2
Which economic system is based on customs or beliefs passed down generation to generation?
Traditional
Fiat
Command
Market
3
What is the government system in which the government owns factors of production?
Capitalism
Socialism
Oligarchy
Realism
4
What is the rights of individuals and groups to own property?
Public Property Rights
Property Ownership Rights
Public Land Rights
Private Property Rights
5
Which economic system is based on individual choice?
Command
Traditional
Fiat
Market
6
What is the french term meaning "leave things alone or do as you please"?
sacre bleu
omelette du fromage
au revoir
laissez faire
7
Which economic system does the United States have?
Traditional
Mixed-Market
Command
Market
8
What is the extreme form of socialism?
Communism
Leninism
Marxism
Socialism X
9
In which economic system does the government decide what goods and services will be produced?
Traditional
Fiat
Market
Command
10
What economic system is based on private ownership of the factors of production?
Communism
Socialism
Capitalism
Marxism
