Unit 3 Review

Workers receive assistance if they are injured on the job

Wealthier Americans pay more towards taxes than poorer Americans

Copper is given to companies that will put it to good use and make sure it won’t be wasted

Within a pure market economy, who is responsible for keeping unemployment low?

How might a government in a mixed economy interfere with business practices?

Why are entrepreneurs essential to market economies?

What is another name for a command economy?

Which of the following countries is moving from a command to a market economy?

What is the ultimate goal of communism, according to Karl Marx?

Which of the following products would contribute to the United States’ GDP?

Which of the following is an instance of laissez-faire economics?

Which of the following is NOT a goal of an economic system?

The interest rates on business loans is reduced to encourage more production

How might a traditional economy be considered efficient?

Economic system that allows private businesses to determine what to produce but has restrictions.

Individuals have the least influence in a…

This refers to an exchange of one good for another good…

Producers can choose to produce a good or service of their choosing is an example of what?

What drives economic growth in a market economy?

Individuals have the most influence in a…