Busy. Please wait.

Forgot Password?

Don't have an account?  Sign up 

show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.

Already a StudyStack user? Log In

Reset Password
Enter the email address associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know (0)
Know (0)
remaining cards (0)
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how


Review for 7th Grade EOG

Traditional Economic activities are usually centered toward the family, tribe, or ethnic group
Traditional Resources are allocated based on inheritance
Traditional Farming, hunting, and gathering are done largely in the same fashion as the generation before
Traditional Choices are determined by environment
Traditional Little or no use of technology
Command The government or other central authority makes all economic decisions
Command Individuals have little, if any, influence over economic functions
Command Resources are owned by the government
Command There is no competition; the purpose of business is to provide goods and services, not to make a profit
Command Factories are concerned with quotas
Command Consumers have few, if any, choices in the market place
Command The government sets the prices of good and services
Market Economic decisions are made by individuals competing to earn profits based on supply and demand
Market Resources are owned by individuals
Market Profit is the motive for increasing work
Market Competition determines price and increases the quality of products
Market Individual freedom is considered very important; individuals have freedom to make economic decisions
Market Also called “capitalist” economy
Created by: tlblack