Economic Systems and PPC

Flashcard
•
Social Studies
•
12th Grade
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
The four types of economic systems are: Traditional, Command, Mixed, & Market, Traditional, Command, Combined, & Market, Communism, Capitalism, Free Market, and Macroeconomics, Microeconomics, Macroeconomics, Individual, and Traditional.
Back
Traditional, Command, Mixed, & Market
2.
FLASHCARD QUESTION
Front
Which of the following is an economic system in which economic decisions are made according to social roles & culture?
Options: Market economy, Command economy, Traditional economy, Mixed economy
Back
Traditional economy
3.
FLASHCARD QUESTION
Front
What is an economic system where only the government makes the economic decisions? Options: traditional economy, free enterprise, mixed economy, command economy
Back
command economy
4.
FLASHCARD QUESTION
Front
What are the 3 economic questions?
Back
What to produce? How To Produce? For whom to produce?
5.
FLASHCARD QUESTION
Front
Which economy is dictated by supply and demand and the buyers and sellers (consumers and producers)? Options: Market, Socialism, Mixed, Command
Back
Market
6.
FLASHCARD QUESTION
Front
Movement from inefficiency to efficiency in a PPC for producing hats and boots.
Back
From T to S
7.
FLASHCARD QUESTION
Front
Flour is an ingredient used to make kolaches, but is not used to make queso. Which of these graphs shows what happens when the availability of flour increases?
Back
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