KIRIAN Economics Final Exam Review

KIRIAN Economics Final Exam Review

Assessment

Flashcard

Social Studies

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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84 questions

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1.

FLASHCARD QUESTION

Front

The three main types of economic systems are: Command, Mixed, & Market

Back

Command, Mixed, & Market

2.

FLASHCARD QUESTION

Front

A Command economy is when a central authority, like the government, is in control.

Back

True

3.

FLASHCARD QUESTION

Front

What are the 3 economic questions?

Back

What to produce? How To Produce? For whom to produce?

4.

FLASHCARD QUESTION

Front

An advantage to both a Mixed and Market economy is...

Back

A lot of individual freedom

5.

FLASHCARD QUESTION

Front

A Mixed economy is a combination of characteristics from Command and Market economies. True or False?

Back

True

6.

FLASHCARD QUESTION

Front

Through this market, businesses buy resources/FOP they need in order to produce goods and services.

Back

Factor/Resource market

7.

FLASHCARD QUESTION

Front

What do Households provide to/through the Resource market?

Back

land, labor, capital, and entrepreneurship (the FOP/resources)

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