Duplicate of ECONOMIC UNDERSTANDINGS

Which economic system is when the government controls production of goods/services? Ex: Cuba

which country has the least economic freedom to buy and sell goods and services?

In traditional economy, trading goods and services without the use of money called...

In this economy, people have the most freedom to buy & sell goods & services. 

Most democratic countries have this kind of economic sysytem

Which country has the most economic freedom to buy & sell goods and services?

The economic worth of all goods and services produced in a country? How rich/poor a country is.

Which economic system is based off customs, traditions, and beliefs? Ex: the Aborigines

Which of the following is NOT one of the three basic economic questions?

Which of the following countries have little to no economic freedom? Ex: command economy

What is the root of economics? Ex: a limited supply of something

Private business owners determine what goods/services are produced and how they will be made.

Training&skills that make it possible for workers to earn a living producing goods & services.

A mixed economy has characteristics of both a command economy and a market economy.

The factories, machines, technologies,buildings, and property needed by businesses to operate.

Which factor of production is considered "gifts of nature"?

When business owners who risk everything because they believe their business ideas will make $