

Economics Chapter 2 & 3
Flashcard
•
Social Studies
•
10th - 12th Grade
•
Practice Problem
•
Hard
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25 questions
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1.
FLASHCARD QUESTION
Front
The four types of economic systems are: Traditional, Command, Mixed, & Market.
Back
Traditional, Command, Mixed, & Market
2.
FLASHCARD QUESTION
Front
A command economy is when the government is in control. True or False?
Back
True
3.
FLASHCARD QUESTION
Front
Which of the following is an economic system in which economic decisions are made according to social roles, culture, customs, & habits? Market economy, Command economy, Traditional economy, Mixed economy
Back
Traditional economy
4.
FLASHCARD QUESTION
Front
In which type of society would we most likely find a traditional economic system? Options: a major city, an established country, rural and under-developed territory, all of the above
Back
rural and under-developed territory
5.
FLASHCARD QUESTION
Front
There are four types of economic systems. Most economies are _____.
Back
Mixed
6.
FLASHCARD QUESTION
Front
This type of government typically goes with the Command Economy.
Back
Communism
7.
FLASHCARD QUESTION
Front
The government has little to no role in the production of goods in this type of economy and is directed by "invisible hand".
Back
Free Market
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