Economic System Review
Flashcard
•
Other
•
6th - 8th Grade
•
Hard
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12 questions
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1.
FLASHCARD QUESTION
Front
The three economic questions someone starting a food truck business should consider before starting a business?
Back
What, how, for whom to produce
2.
FLASHCARD QUESTION
Front
Most countries in the world have a ___ economy.
Back
mixed
3.
FLASHCARD QUESTION
Front
Which type of economic system is based on customs of past generations and needs of the family or tribe?
Back
traditional
4.
FLASHCARD QUESTION
Front
How can a country move more toward a market economy? Options: increase taxes, increase government involvement, decrease goods and services, decrease government involvement
Back
decrease government involvement
5.
FLASHCARD QUESTION
Front
Which country has a pure market economy? Options: United Kingdom, Russia, Germany, None
Back
None
6.
FLASHCARD QUESTION
Front
If a country has a command economy, its government is most likely a/an___.
Back
autocracy
7.
FLASHCARD QUESTION
Front
What type of economic systems has privately owned businesses and property with government regulations/laws? Options: Traditional economy, Market economy, Mixed Economy, Command Economy
Back
Mixed Economy
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