Economics - Mixed Economies - Chapter 2
Authored by Darcy Meinke
Social Studies
9th - 12th Grade
Used 226+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
traditional economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
command economy
conversion of state-owned property to individual ownership
system in which economic activity is the result of ritual, habit, or custom
economic system in which a central authority makes the major economic decisions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
capitalism
economic system in which a central authority makes the major economic decisions
economic sector in which goods and services are sold illegally
conversion of state-owned property to individual ownership
economic system in which private citizens own and use resources to make a profit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
privatization
economic sector in which goods and services are sold illegally
economic shift from government ownership to private ownership
economic shift from private ownership to government ownership
conversion of state-owned property to individual ownership
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
nationalization
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government owns most resources
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Main activities are often fishing, hunting, or farming
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