Social Studies

9th -

12thgrade

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Economics - Mixed Economies - Chapter 2

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  • 1. Multiple Choice
    30 seconds
    1 pt
    traditional economy
    system in which economic activity is the result of ritual, habit, or custom
    conversion of state-owned property to individual ownership
    economic system in which a central authority makes the major economic decisions
    economic shift from private ownership to government ownership
  • 2. Multiple Choice
    30 seconds
    1 pt

    command economy

    conversion of state-owned property to individual ownership

    system in which economic activity is the result of ritual, habit, or custom

    economic system in which a central authority makes the major economic decisions

  • 3. Multiple Choice
    30 seconds
    1 pt

    capitalism

    economic system in which a central authority makes the major economic decisions

    economic sector in which goods and services are sold illegally

    conversion of state-owned property to individual ownership

    economic system in which private citizens own and use resources to make a profit

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