Duplicate of Economic Systems

Solar power and wind power are examples of what kind of resources?

What does the process of specialization do for an economy?

Social Security withheld from your paycheck is for

Traditional economies usually

To improve its standard of living, a nation’s economy must

Competition is a driving force in a free enterprise economy.

What is one of the most important principles of economics?

The ________ system is another name for a market economy.

What do people supply in return for factor payments?

How will consumers react to the incentive of a higher price on a good or service?

In a free enterprise system, who decides what will be produced?

The United States economy is a mixed economy

In a command economy, the government regulates how goods and services are distributed.