
ss7e4
Flashcard
•
History
•
8th Grade
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
Which of the following is NOT one of the three economic questions that determine the type of economic system a country uses?
When to produce?
For whom to produce?
What to produce?
How to produce?
Back
When to produce?
2.
FLASHCARD QUESTION
Front
What types of economies do most modern countries have?
Back
mixed
3.
FLASHCARD QUESTION
Front
Which is the best description of a mixed economy? A blend of command and market economies, Protects private property, Limited government to achieve various goals, All of the above
Back
All of the above
4.
FLASHCARD QUESTION
Front
Which is the best definition of an economic continuum?
Back
A scale from 0-100 that ranks economies
5.
FLASHCARD QUESTION
Front
Which is the best description of a command economy?
Back
The government makes all the decisions
6.
FLASHCARD QUESTION
Front
Which is the best description of a market economy? Options: It’s based on supply, It’s based on demand, It’s based on government control, It’s based on supply and demand
Back
It’s based on supply and demand
7.
FLASHCARD QUESTION
Front
In Saudi Arabia the government controls most of the oil industry, this a ___________ economic element.
Back
command
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