Economic Systems
What economic system does the majority of the world have?
Mixed Economy
What aspect does a command economy control?
all economy
Who controls the economy in the free market?
The people
Towards what end of the spectrum is a planned economy?
Command
Who declared war first in WW1?
Austria-Hungary
What economy does New Zealand have?
Free market
Is there private property in a command economy
NOOO!!!
Name one benefit of a free market economy.
Innovation
What is a planned economy?
Controls most of the economy.
What character has the stand "Star Platinum" in JoJo's Bizarre Adventure?
Jotaro Kujo
What is the best system?
Mixed
What kind of countries have a command economy?
Name one drawback of a free market economy?
Economic inequality
What separates command from planned?
Total control
Who is the singer/frontman in the band Korn?
Jonathan Davis
Who is the father of modern economics
Adam Smith
What country is closest to a total command economy?
North Korea
No.
who sets prices in a plannned economy
Government and people.
What is the tallest mountain on Earth? Specifically, on land.
Mt. Denali
What economic system would a corporatist follow?
Mixed
Why would a country want a command economy?
Who would like a free market economy?
Rich people
What is one major disadvantage of a planned economy?
Lack of innovation
Who is the counterpart to Dan Barrett in the band Have A Nice Life?
Hint: He's an English Teacher
Tim Macuga