Econ CP Ch. 2 Vocab

Econ CP Ch. 2 Vocab

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

34 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Market-based economy with limited government involvement.

Back

mixed economy

2.

FLASHCARD QUESTION

Front

Government controls all production and consumption decisions, typically by a central authority.

Back

command economy

3.

FLASHCARD QUESTION

Front

System where production and consumption are decided by the people with voluntary exchange.

Back

market economy

4.

FLASHCARD QUESTION

Front

System where habits, rituals, and customs determine production and distribution.

Back

traditional economy

5.

FLASHCARD QUESTION

Front

Method used by society to produce and distribute goods/services

Back

economic system

6.

FLASHCARD QUESTION

Front

Income received for supplying factors of production (land, labor, capital)

Back

factor payments

7.

FLASHCARD QUESTION

Front

Govt programs protecting against economic hardship

Back

safety net

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?