flash cards

an economic system that is controlled by the government

Command economy

​Which type of government is one in which citizens have power

Democratic

​an economic system that is based on supply-and-demand

Market economy

​an economic system that combines different aspects of economic models

Mixed economic system

​to get involved in to change the outcome

Intervene

​the amount of goods/services available and the desire for it

supply-and-demand

​monies granted by government to assist an industry

Subsidies

​a scale from 0-100 that ranks economies

Economic continuum

​What types of economies do most modern countries have

Mixed

Which is the best description of a mixed economy

All of the above

​Which is the best definition of an economic continuum

A scale from 0-100 that ranks economies

​Which is the best description of a command economy

The government makes all the decisions

​Which is the best description of a market economy

It’s based on supply and demand

​Which best replaces the underlined word below

different

​a form of government in which political power rests with a
single leader

autocracy

​a person who lives in a certain country

citizen

​a form of government in which the political power rests
with a nation’s citizens

democracy

​a form of government in which citizens vote for the leader of
the government AND the legislature

presidential democracy

​a form of government in which citizens vote for the
legislature, then the legislature chooses the leader of the government

parliamentary democracy

​to make a choice for a government leader

vote