Economic Systems - Types of Economies
Flashcard
•
Social Studies
•
5th Grade
•
Hard
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25 questions
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1.
FLASHCARD QUESTION
Front
Which type of economy is controlled by the government? Options: Command, Market, Mixed, Democratic
Back
Command
2.
FLASHCARD QUESTION
Front
Which type of economy is based on traditions and beliefs?
Back
Traditional
3.
FLASHCARD QUESTION
Front
Which type of economy involves trading, and doesn't usually use money? Options: Command, Traditional, Market, Mixed
Back
Traditional
4.
FLASHCARD QUESTION
Front
Which type of economy has the government making all decisions? Options: Market, Mixed, Traditional, Command
Back
Command
5.
FLASHCARD QUESTION
Front
How many types of economies are there?
Back
4
6.
FLASHCARD QUESTION
Front
Individuals own resources and determine what and how to produce.
Back
market
7.
FLASHCARD QUESTION
Front
If I produce meat but, the government has to check to make sure I can put this product on the market, what economic system is this?
Back
Mixed
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