Economic Systems Quiz
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Economic Systems Quiz

Created by
@AwestruckTrust

Questions and Answers

Which of the following countries is the best example of a pure socialist economy?

Sweden

According to a GlobeScan poll, which country's citizens showed the greatest support for the free market economy?

India

Which of the following best describes the economic system of the United States?

Capitalist

What is the likely result when the price of pizzas at 5-for-1 Pizza increases by $2.00?

<p>Decrease in sales</p> Signup and view all the answers

What is the term used to describe the point at which the quantity demanded is equal to the quantity supplied?

<p>Equilibrium point</p> Signup and view all the answers

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