stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Chapter 17 test review Flashcards | StudBud
Explore
/
Chapter 17 test review
Chapter 17 test review
10 terms
·
StudBud Administration
·
140 plays
Economic chapter 17
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
What combination typically makes a mixed economy
Capitalist, Dictatorship
Socialist, Free Enterpise
Communist, Traditional
Traditional, Market
2
four main economic systems
Socialist, communist, monarchy, dictatorship
traditional, capitalism, socialist, free enterpise
Free enterprise, traditional, communist, socialist
Dictatorship, free enterprise, market, command
3
Study of how individuals, businesses, & nations make things, buy things, spend & save money?
Economist
Economic System
Economics
Supply
4
What best explains the problem of scarcity?
selfishness
limited # of goods & services
unlimited wants
inflation
5
The way in which a society tries to make money
Traditional
Socialists
Economic System
Economics
6
things that people do for others, ex: electricians, teachers, plumbers, barbers, doctors
scarcity
goods
workers
services
7
Things that people make, ex: foods, toys, clothes, cars and houses
services
stuff
items
goods
8
People who study economics
Communists
Economists
Economers
Socialists
9
Which economic system would be aligned with a democracy?
Communist
Socialist
Free Enterprise
Traditional
10
Trading of goods and services would fall into which economic system (without any money)
Traditional
Communist
Free enterprise
Socialist
