SS Economics Review

Which of the following would be found in a market economy? 

Sarah sells shoes. The machines used to make the shoes are examples of.. 

In a traditional economy, how do people exchange goods? 

Land, labor, capital, and entrepreneurship are the

US used to forbid trade w/ Cuba because of political issues. Which trade barrier was in place? 

Which best describes a market economy?

Sarah sells shoes. The water she uses to clean up her shoe making factor is an example of 

Trade barriers are used to

The economic system of communist countries is closely related to which of the following?

Which is an example of a natural resource?

What is human capital? 

Which is a way that entrepreneurs help increase a country's GDP? 

A high literacy rate contributes to a 

Which option reflects a country with a mixed economy?

An economic system in which the people (not gov't) own land, factories, & businesses?

In market economies, prices are

In Cuba, the government owns all the businesses and farms. Cuba is an example of a 

What is an example of investing in human capital? 

Why is a country better off if it does not have to import natural resources?

Which is an example of investing in capital goods?

"Companies produce goods of their choice, consumers decide whether to buy the goods" 

Which is an example of a trade barrier?

In a command economy, how are the prices of goods and services determined?

Sarah started a business selling shoes. Sarah is an example of which factor of production? 

Amy is employed in a shoe store because she has a merchandising degree. Amy is an example of