Flashcard 1 Review

Flashcard 1 Review

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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25 questions

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1.

FLASHCARD QUESTION

Front

What is an economic system where only the government makes the economic decisions?

Back

command or planned economy

2.

FLASHCARD QUESTION

Front

What type of economy do most countries in the world have?

Back

Mixed economy

3.

FLASHCARD QUESTION

Front

The country of North Korea has a dictator that makes all of the economic decisions. What type of economy is this?

Back

Command

4.

FLASHCARD QUESTION

Front

The government has little to no role in the production of goods in this type of economy.

Media Image

Back

Market

5.

FLASHCARD QUESTION

Front

Based on traditions

Back

Traditional

6.

FLASHCARD QUESTION

Front

Businesses have freedom to produce whatever they think consumers will buy

Back

Market

7.

FLASHCARD QUESTION

Front

What are the three economic questions?

Back

What to produce? How to produce? For whom to produce?

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