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Economic Systems and government types
Economic Systems and government types
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StudBud Administration
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Introduction to the basics of economics and systems
Flashcards
24 cards
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Practice quiz
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Questions
24
Answers
1
Traditional economies usually
adapt to innovation
avoid change
2
Absolute Monarchy is often paired with which economic system?
Market
Traditional
Command
Mixed
3
Communism is often paired with which economic system
Mixed
Pure Market
Traditional
Command
4
Competition is a driving force in a free enterprise (market) economy.
True
False
5
A system of government where a small group of people rule and citizens don't have rights
Oligarchy
Representative Democracy
Constitutional Monarchy
Anarchy
6
Dictatorship is often paired with which economic system
Mixed
Pure Market
Command
Traditional
7
In a command economy, the government regulates how goods and services are distributed.
True
False
8
What economic system do we have in the US?
Mixed
Command
Traditional
Market
9
The United States economy is a
free market with some government intervention
traditional economy with some government intervention
centrally planned with no government intervention
free market with no government intervention
10
What government system do we have in the US?
Direct Democracy
Oligarchy
Representative Democracy
Autocracy
11
Amish, Inuit, Early Native Americans, Aboriginies, are examples of people who live in a
Market Economy
Command Economy
Traditional economy
Mixed economy
12
What is another name for representative democracy?
Constitutional Monarchy
Autocracy
Republic
Direct Democracy
13
In which economy is there little incentive to make a quality product?
Traditional
Command
Market
Mixed
14
Often there are shortages in which economy?
Command
Market
Mixed
TRaditional
15
In a free enterprise system (market or mixed), who decides what will be produced?
consumer
producers
government
dictator
16
Which type of government has religious leaders
Autocracy
Theocracy
Oligarchyf
Anarchy
17
Which one would NOT fit into an Autocracy
Dictatorship
Democracy
Theocracy
Absolute Monarchy
18
The ________ system is another name for a market economy.
Command
Centrally Planned
Socialist
Free Enterprise
19
When a government has a coup d' etat and there is no govt. for a short time, that's called
Oligarchy
Autocracy
Theocracy
Anarchy
20
A traditional system of economy usually is within a community of people
False
True
21
Capitalism, Free Market Enterprise, Market system are similar economic systems
True
False
22
Democracy is often paired with which economic system?
Command
Pure Market (no government)
Mixed
Traditional
23
A type of government where the dictator has control and citizens have little rights...
Republic
Dictatorship
Anarchy
Oligarchy
24
There is no competition in this economy, and the government will require people to meet quotas
Traditional
Market
Mixed
Command