Log in
Sign up for FREE
arrow_back
Library
FC7: Incentives, Economic systems
By Jeffrey See
star
star
star
star
star
Share
share
Last updated over 6 years ago
5 questions
Add this activity
1
1
1
1
1
Question 1
1.
Question 2
2.
Question 3
3.
Question 4
4.
Question 5
5.
A cost or benefit that motivates a decision or action by an individual is called:
laissez faire
voluntary exchange
Incentive
trade-off
An example of a positive incentive is:
A parking fine
A good driver discount
A speeding ticket
Having your auto policy dropped
Classify the following words or phrases with the
economic system
it is associated with.
buying and selling but with some government
Communism
supply and demand
central planning
ritual, habit, and custom
government control
Capitalism
Primitive societies
buyers and sellers
Traditional economy
Command economy
Market economy
Mixed economy
Which of the following nations is primarily a
command economy
?
Canada
Cuba
Japan
United States
In reality, all
economics systems
around the world are:
Command
Traditional
Market
Mixed