Know Your Economies

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

In which type of economy does the government or central authority make most, if not all, economic decisions?

  • Planned Economy (correct)
  • Traditional Economy
  • Mixed Economy
  • Market Economy

Which type of economy is primarily driven by private individuals and businesses?

  • Mixed Economy
  • Traditional Economy
  • Planned Economy
  • Market Economy (correct)

Which type of economy is characterized by economic decisions based on customs and traditions?

  • Traditional Economy (correct)
  • Mixed Economy
  • Market Economy
  • Planned Economy

Which type of economy has minimal government intervention?

<p>Market Economy (B)</p> Signup and view all the answers

Which type of economy is characterized by the government owning or controlling the means of production?

<p>Planned Economy (C)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Know Your Rights
6 questions

Know Your Rights

RemarkableTan1150 avatar
RemarkableTan1150
Political Exposed Person Definition Quiz
15 questions
What is a Political Exposed Person (PEP)?
20 questions
Use Quizgecko on...
Browser
Browser