Show:
Economic Systems
Mixed Economies
Economic/Social Goals
American Free Enterprise
100
The 3 Economic Systems
What are Traditional, Command, and Market
100
The 3 types of mixed economies
What is Communist, Socialist, and Capitalism
100
Rise in the general level of prices. Dollar is not worth as much as it once was.
What is inflation
100
Allows for better quality and cheaper products
What is Competition
200
A country who's main Economic System is Socialism and relies on oil for government income
What is Norway
200
In a Socialist Economy what is the ownership of resources like
What is the government owns some and private industry owns some.
200
Federal Program designed to help elderly and disabled
What is Social Security
200
Allows people to own and control their possessions
What is Private Property Rights
300
When an economy is stagnant
What is Stagnation
300
Two countries that follow a communist economy
What are Cuba and North Korea.
300
Give an example I used for Full Employment
What is Housing Market
300
Act of buyers and sellers making market transactions freely
What is Voluntary Exchange
400
Determines the price of goods
What is the market
400
Draw and label where the US falls on a mixed economy line
What is between socialist and capitalist
400
Double Jeopardy. Bet however much you want.
What does price Stability Control?
400
One is Private ownership of resources and the other is the unhindered use of these private industries
What is the difference between Capitalism and Free Enterprise.
500
Name an advantage of a market economy.
What is small government interference, economic freedom, and adjusts gradually over time.
500
Why is the US not a Capitalist country and give an example
What is because it has tendencies of both Socialist and Capitalist. Social Security....
500
Name all 7 Economic and Social Goals
What are Economic Freedom, Economic Efficiency, Economic Equity, Economic Security, Full Employment, Price Stability, and Economic Growth
500
Economic Freedom, Voluntary Exchange, Private Property Rights, Profit Motive, and Competition
What are the characteristics of a Free Enterprise