Economics Flashcards
1
Q
Traditional economy
A
All economic decisions are based on customs ,traditions ,and beliefs of the past
2
Q
command Economy
A
All economic decisions are made by the government
3
Q
Market economy
A
Economic decisions are based on the changes and prices that occur as buyers and sellers interact in the marketplace
4
Q
A
5
Q
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6
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7
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8
Q
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9
Q
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10
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11
Q
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12
Q
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13
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A
14
Q
A
