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Economic systems Flashcards | StudBud
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Economic systems
Economic systems
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Questions
10
Answers
1
How many main types of economic systems are there around the world?
50
3
4
7
2
The Free market Economy reffers to...
Individualism
Collectivism
Communism
Liberalism
3
Before the Civil War, the southern states in the U.S. had somewhat of a traditional economy.
False
True
4
One of the developers of the theoretical basis for Market Economies was...
Queen Elizabeth
Ludwig Erhard
Leonardo DiCaprio
Adam Smith
5
In a free market economy the basic questions of the economy are answered by the government.
True
False
6
Almost every country can be considered a mixed economy.
False
True
7
What form of the economy does the United States have today?
Command
Mixed
Market Economy
Traditional
8
What does the individual serve to in a Centrally-planned Economy?
The "collective body"
The government
He doesnˋt serve anyone
9
Wich economic system was the first one I explained?
Traditional Economy
Market Economy
Mixed Economy
10
In a centrally-planned Economy everyone has a lot of freedom.
False
True
