All economic decisions are based on customs, traditions, & beliefs of the past.
Factors of Production & Economic Systems in Europe

Flashcard
•
Social Studies
•
6th Grade
•
Hard
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26 questions
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1.
FLASHCARD QUESTION
Front
Back
Traditional
2.
FLASHCARD QUESTION
Front
Trading without using money
Back
Bartering
3.
FLASHCARD QUESTION
Front
All economic decisions are made by the
Government.
Back
Command
4.
FLASHCARD QUESTION
Front
These countries are closest to which economic system: Cuba, Soviet Union, North Korea, & former East Germany?
Back
Command
5.
FLASHCARD QUESTION
Front
There are no PURE market economies, but some countries are closer than others.
Back
True
6.
FLASHCARD QUESTION
Front
Most democratic countries have some characteristics of both command and market; so we call those economies....
Back
Mixed
7.
FLASHCARD QUESTION
Front
The United Kingdom has a _________________.
Back
Mixed
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