Economic Systems Review

Front

Which economic system allows citizens full freedom in choosing a career and workplace? Options: Capitalism, Fascism, Socialism, Communism

Back

Capitalism

Front

Which of the following is NOT one of the three main economic systems? Communism, Fascism, Socialism, Capitalism

Back

Fascism

Front

Characteristic of an entrepreneur: Fear, Risk taking, Self deprecation, Pessimism

Back

Risk taking

Front

What is the way a society produces goods and services?

Back

Economic systems

Front

Little to no freedom in selecting a career and workplace is a characteristic in which economic system? Options: Capitalism, Socialism, Fascism, Communism

Back

Communism

Front

A private enterprise system permits which of the following to make economic decisions? Options: Individuals, The republic, States, Government

Back

Individuals

Front

What is a market economy?

Back

An economy where individuals make all decisions

Front

Command economy

Back

An economy where the government makes all decisions

Front

What is a mixed economy?

Back

A combination of two economic systems

Front

The United States is an example of which economic system? Market, Command, Mixed Market, Traditional

Back

Mixed Market