
BE 2.03-2.05
Flashcard
•
Business
•
9th - 12th Grade
•
Hard
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120 questions
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1.
FLASHCARD QUESTION
Front
Which of the following items is found in all economic systems: Technology, Participants, Substistence, Dollars?
Back
Participants
2.
FLASHCARD QUESTION
Front
The most common medium of exchange in modern economic systems is
Back
Money
3.
FLASHCARD QUESTION
Front
One of the reasons that a country needs an economic system is because it
Back
Has a limited supply of resources
4.
FLASHCARD QUESTION
Front
Which of the following types of economic systems adopts the fewest new ideas and improvement: Communist command, Socialist command, Market, Traditional?
Back
Traditional
5.
FLASHCARD QUESTION
Front
In an economy, the government controls the economic system and does not allow private ownership of the means of production and distribution.
Back
Communist command
6.
FLASHCARD QUESTION
Front
Government owns some basic means of production, but there is private ownership of business under
Back
Socialism
7.
FLASHCARD QUESTION
Front
In a economy, individuals and businesses own the means of production and distribution with limited government regulation.
Back
Market
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