American Economy

What type of economic system is in place in the United States?

If you are discussing land, labor and capital, you are talking about _____.

The current national debt in America is _____.

The market price is determined by the _____.

The government controls all of the factors of production in a _____.

The main reason why entrepreneurs start their own business is _____.

All of the following are ways that demand can be influenced except _____.

_____plays an important role in a market economy.

The last President to balance the budget was _____.

The federal government regulates banking and our money supply through:

The amount in a year by which gov't. income is greater than gov't. spending is known as_____.

The three basic factors of production are _____.

The American economy is based on a circular flow of _____.