Economic Systems

The government controls all aspects of the economy in which system?

A person who takes the risk to start their own business is called

A tax on goods coming into the country is called

Investment in updating computer technology, machinery and equipment are investments in

Decreasing taxes for small business is an investment in

Health insurance, employee day care, and training are investments in

A formal halt to trade between nations is called

A limit on foreign goods coming into the country is called

Which system is a combination of the 3 primary economic systems and is the most-used today?

A scale showing the value of a country's currency in comparison to another country is

Which economic system is based on customs of the past?

The total cost of goods and service produced in a year is called

Producing goods and services efficiently at the lowest cost is called

The 3 questions that must be answered by the economic system are

Which of the following is not a man-made trade barrier?

Exchanging goods and services so that both parties benefit is called

As a country's literacy rate and GDP rises, their standard of living usually

Replanting trees that have been cut down is an investment in

What are the 3 basic economic systems?

The rate at which one currency is worth in comparison to another's is

Producers and consumers make all the economic decisions in which economic system?

This economic systems includes free enterprise with some government control.