Which of the following is not one of the fundamental economic questions?
- What should be produced?
- How should it be produced?
- What price should it sell for?
- Who should it be produced for?
Economic Systems
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Social Studies
•
12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Which of the following is not one of the fundamental economic questions?
Back
What price should it sell for?
2.
FLASHCARD QUESTION
Front
This economic system is based on individual freedom.
Back
Free Market
3.
FLASHCARD QUESTION
Front
This economic system is controlled by the government.
Back
Command (Communism)
4.
FLASHCARD QUESTION
Front
Today, most economies are: Free Market, Traditional, Mixed, Command (Communism)
Back
Mixed
5.
FLASHCARD QUESTION
Front
Who or what answers the basic economic questions in a mixed economy?
Back
Individuals, Businesses, and Government
6.
FLASHCARD QUESTION
Front
In which economic system is the protection of private property rights essential? Options: Command, Traditional, Market, Socialism
Back
Market
7.
FLASHCARD QUESTION
Front
Communism can be best summed up as an economic system where
Back
the elimination of private property is established.
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