Chapter 3: Economic System
0.0(0)
Studied by 3 people
View linked note
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/4
Last updated 7:20 PM on 4/7/23
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
5 Terms
1
New cards
Free markets
________ are unaffected by third parties who are uninvolved.
2
New cards
Households
________ spend their wages and profit to purchase the goods and services that the firms supply.
3
New cards
Government intervention
________ impacts the invisible hand in the economy but they still have an important role to play in the economy.
4
New cards
economic system
The ________ where supply and demand define the prices.
5
New cards
USA
The ________ is closer to a capitalist economy than a command whereas Cuba is the opposite, being closer to the command economy.
Flashcards (101)