Economic Systems Flashcardizz

Economic Systems Flashcardizz

Assessment

Flashcard

Social Studies

10th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

8 questions

Show all answers

1.

FLASHCARD QUESTION

Front

How many economic questions should society be answering in regards to the organization of their economy?

Back

3 questions

2.

FLASHCARD QUESTION

Front

In his book, Wealth of Nations, Adam Smith for what type of economy?

Back

free enterprise system

3.

FLASHCARD QUESTION

Front

Who are the people who make and sell goods in a free enterprise system?

Back

producers

4.

FLASHCARD QUESTION

Front

What law in the free enterprise system determines the prices of goods and services?

Back

Law of Supply and Demand

5.

FLASHCARD QUESTION

Front

If the demand of a product or service is high, what happens to the price of that product/service?

Back

Price goes up

6.

FLASHCARD QUESTION

Front

What is the economic theory that the government should interfere as little as possible in the economy?

Back

Laissez-faire

7.

FLASHCARD QUESTION

Front

The other alternative economic systems to capitalism rose as a result due to what? Options: desire for voting rights, fair civil rights, looking for private ownership

Back

inequalities created by the industrial revolution

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?