Economic Systems Review
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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26 questions
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1.
FLASHCARD QUESTION
Front
Which economic system allows citizens full freedom in choosing a career and workplace? Options: Capitalism, Fascism, Socialism, Communism
Back
Capitalism
2.
FLASHCARD QUESTION
Front
Which of the following is NOT one of the three main economic systems? Communism, Fascism, Socialism, Capitalism
Back
Fascism
3.
FLASHCARD QUESTION
Front
Characteristic of an entrepreneur: Fear, Risk taking, Self deprecation, Pessimism
Back
Risk taking
4.
FLASHCARD QUESTION
Front
What is the way a society produces goods and services?
Back
Economic systems
5.
FLASHCARD QUESTION
Front
Little to no freedom in selecting a career and workplace is a characteristic in which economic system? Options: Capitalism, Socialism, Fascism, Communism
Back
Communism
6.
FLASHCARD QUESTION
Front
A private enterprise system permits which of the following to make economic decisions? Options: Individuals, The republic, States, Government
Back
Individuals
7.
FLASHCARD QUESTION
Front
What is a market economy?
Back
An economy where individuals make all decisions
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