Economics Quiz 2

The type of economy that the United States uses.

• mixed

• traditional

• command

• market

Trading items people have for what they want or need.

• barter

• inflation

• currency

• money

Money repaid at a certain rate for repaying a debt.

• inflation

• currency

• interest

• barter

Type of economy where decisions are made based on a group's customs and values.

• mixed

• traditional

• command

• market

Type of economy where all decisions are made by the government like in Cuba or the former Soviet Union.

• mixed

• traditional

• command

• market

Type of economy also called capitalism where consumers and producers make decisions.

• mixed

• traditional

• market

• command

A system of money used for trade in a country or countries.

• inflation

• interest

• currency

• services

tangible things that could be sold like clothing, shoes, and cars.

• goods

• services

• currency

• inflation

actions that help the public like transportation and schooling.

• goods

• services

• currency

• inflation

a rise in the price of goods and services over time.

• goods

• services

• inflation

• interest