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The Economies of the World Flashcards | StudBud
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The Economies of the World
The Economies of the World
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StudBud Administration
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This Quiz will test the knowledge of economic systems.
Flashcards
9 cards
F
Practice quiz
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Questions
9
Answers
1
What kind of economic system has
NO
choice?
traditional
mixed
command
market
2
Who is in charge of a mixed economy?
people
government
3
What kind of economy has competition?
market
mixed economy
command
traditional
4
What kind of economic system does the United States of America have?
traditional
market
mixed
command
5
What economic system has
NO
technology?
mixed
command
traditional
market
6
Who is in charge of a command economy?
people
plants
government
elephants
7
What is scarcity?
IDK
a short or small amount of a certain natural resource
not enough of the certain resource to sustain everyone
a city with lots of scars
8
Who is in charge of a market economy?
food
penguins
people
money
9
Who is in charge of a traditional economy?
government
people
trading
