Review for Econ Unit 1 Test

Manufactured goods needed to produce other goods and service are called

The money used to buy tools and equipment needed for production is known as...

The study of econmics dealing with economy as a whole and decision making by large units

The fundamental economic problem is...

All of the following are economic goals which are promoted by the government EXCEPT...

Which of the following is NOT a strength of a market economy?

In a traditional economic system, decisions are based on

The study of economics dealing with behavior and decision making by small units

Name the book that the father of capitalism wrote...

actions in part of the country that have an economic impact on other parts of the country is...