Economics - Part 1

In a command economy, the _____________ controls all economic decisions.

According to economists, in a capitalist economy, price should be determined by

A negative aspect of mercantilism, is that the colonies are ___ to benefit the mother country.

All of the following new types of businesses developed during the Commercial Revolution except

Under the manorial system, money was not that important, but ________ was. 

Spain used mercantilist policies with their colonies in 

The Commercial Revolution (1300's) was also the beginning of the economic system we have today

Karl Marx was angered by the inequality of capitalism, so he proposed a new system called

Under laissez-faire capitalism, businesses are free from

The idea of communism, is that the ________ will unite, and take the power away from the rich.

According to Karl Marx, laissez-faire capitalism benefitted the wealthy at the expense of 

An economist would study all of the following except

After Columbus discovered the Americas, Europeans developed a new economic policy called

One of the most ancient economic systems, it is based on exchanging goods.

In Europe during the early Middle Ages, small, self contained economies developed, it was...

Under mercantilism, the goal was for colonial powers to get a 

The economic system of a communist country is called a _____________ economy. 

When the Industrial Revolution came (1700's) the new economic system used was 

The basic principal of capitalism, is that people will work hard because of 

After the Crusades, in the 1300's, trade increased and new businesses developed, this was the

Which economic system did Europeans use to benefit from this exchange of goods?