Economic & Government Test Review Flashcards
1
Q
In which economic system do individuals do things based on customs and beliefs?
A
Traditional
2
Q
Most democratic countrys have which type of economic system?
A
Market
3
Q
What is the economic system of most communist countries?
A
Command
4
Q
Most democratic countrys are this.
A
Market
5
Q
Communist countries are closely related to this economic system.
A
Command
6
Q
Why do you think it is this way?
A
They invested in human capital.
7
Q
What is the standard of living?
A
How well-off countrys population is
