Economic Systems Flashcards

1

Which economic system bases many of it's decisions on prices?

2

Which economic system uses captial intensive production?

3

Which economic system uses labor intensive production?

4

Which of the three basic economic questions is answered first?

5

Which economic system would be most likely to have a young man do the same job as his father?

6

Which economic system has the least ammount of freedom?

7

This means there is a limited ammount

8

Which of the following is one of the three basic economic questions?

9

What is the first core economic principle?

10

Which of the following is one of the three basic economic questions?

Economic Systems