Economics - Unit 1 (Lesson 3) Test Review

What is the best Adam Sandler movie?

Which of the 6 Economic Goals focuses making the most productive use of society's resources?

What is another name for a free market economy?

A patent protects the intellectual property of the inventor for

Which of the 6 Economic Goals focuses on making the most of society's resources with the least amount of waste?

What answers the 3 fundamental economic questions in a traditional economy?

Which country was the first modern command economy?

Which of these protects the intellectual property of inventors?

Whom does this beard belong to?

What protects the intellectual property of creators of books, music, and software?

An economic system in which both the government and individuals play important roles is:

Which of the 6 Economic Goals focuses on providing for society's less fortunate with help in terms of food and shelter?

Government intervention in the U.S. economy attempts to

What are the top two economic goals of a traditional economy?

Government financed projects like dams and highways are known as:

Who answers the three fundamental economic questions in a command economy?

What caused the European market economies to grow rapidly in the 1800s?

What is Mr. Weber's favorite musical artist from the 1990s?

Which of the 6 Economic Goals allows for individuals and businesses to make decisions without government interference?

What answers the 3 fundamental economic questions in a market economy?

Who wrote The Communist Manifesto calling for the overthrow of capitalism?

Which of the 6 Economic Goals focuses on producing more and improving the standard of living?

An economic system in which the workings of the market are not planned or directed by the government is:

Which of these is NOT one of the 3 fundamental economic questions?

Which of the 6 Economic Goals focuses on fair and just distribution of wealth?

What are the top two economic goals of a market economy?

The economic philosophy in which the government owns society's resources and means of production is:

Which of the 6 Economic Goals focuses on having consistent jobs and predictable prices?

An agreement between a buyer and a seller is a:

Which economic system represents the final stage of socialism in Marxist theory?

A homeless shelter is most likely to use which method of distribution?

A payment by the government to an individual or group in which the government receives nothing in return is called a:

What are the top two economic goals of a command economy?

Which kind of economy is most common today?

Which of these is an example of a transfer payment?