Economic Systems

Flashcard
•
Social Studies, Geography
•
6th - 8th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What are the three basic questions that every economic system must answer?
Back
What's produced, how it's produced & who consumes it
2.
FLASHCARD QUESTION
Front
The former Soviet Union was an example of what kind of economic system? Options: Traditional, Market, Command, Mixed
Back
Command
3.
FLASHCARD QUESTION
Front
Which economic system allows for the most individual freedom? Options: Traditional, Command, Market, Mixed
Back
Market
4.
FLASHCARD QUESTION
Front
What are the three economic systems?
Back
Traditional, Command, Market
5.
FLASHCARD QUESTION
Front
In which economic system does the government have the most control? Options: Traditional, Command, Market, Mixed
Back
Command
6.
FLASHCARD QUESTION
Front
In which economic system do individuals do things based on customs & beliefs?
Back
Traditional
7.
FLASHCARD QUESTION
Front
What is the economic system of most communist countries?
Back
Command
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