NAME: ________________________

Question Types


Start With


Question Limit

of 38 available terms

Upgrade to
remove ads

5 Written Questions

5 Matching Questions

  1. economic system
  2. authoritarian
  3. market economy
  4. communism
  5. incentive
  1. a a political system characterized by a centrally planned economy with all economic and political power resting in the hands of the central government
  2. b an expectation that encourages people to behave in a certain way
  3. c requiring strict obedience to an authority, such as a dictator
  4. d the methos used by a society to produce and distribute goods and services
  5. e economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in markets

5 Multiple Choice Questions

  1. Technology
  2. a range with no clear divisions
  3. an economic system characterized by private or corporate ownership of capital goods; investments that are determined by private decision rather than by state control; and determined in a free market
  4. the struggle among producers for the dollars of consumers
  5. the financial gain made in a transaction

5 True/False Questions

  1. consumer sovereigntythe methos used by a society to produce and distribute goods and services

          

  2. safety netgovernment programs that protect people experiencing unfavorable outcomes

          

  3. centrally planned economyeconomic system in which the central government makes all decisions on the production and consumption of goods and services

          

  4. private propertyproperty owned by individuals or companies, not by the government or by the people as a whole

          

  5. product marketmarket in which firms purchase the factors of production from households

          

Create Set