Gr 9 Economics Test

traditional economies are usually

most important advantage of a free market economy

the United States economy is a mixed economy

physical objects such as baseballs and umbrellas

in what kind of government does the government make all of the decisions

which of the following are factors of production

the study of how people make decisions to satisfy their needs and wants

another name for a central economy

When consumers want more of a good than producers are willing to offer at a particular price

why are free markets able to attain economic growth

which is an example of using physical capital to save time and money

the US govt intervenes in the economy in order to

the effort that a person devotes to a task for which the person is paid

why has America been referred to as the land of opportunity 

an economy in which the government answers the key questions

each society answers the 3 basic economic questions based on

knowledge gained from education and experience

which of the following is s characteristic of a centrally planned economy

in an economy in which all the boys become farmers when they are adults is an example of

all natural resources used to produce goods and services