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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.2
Which type of economic system is guided by cultural norms and values?
Market economies.
Traditional economies.
Mixed economies.
Command economies.
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AP Microeconomics - 1.2 Resource Allocation and Economic Systems
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Economic System
Cultural Norms
Values
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About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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