Basics Economics

Knowledge, skills and experiences that make a person more valuable to employers is called:

Coal and petroleum are examples of

Today, China has introduced some elements of capitalism but still has command elements. It is a

The gov't determines which college you attend & what your career is part of ________ system.

If a drought happened in Indiana, what would happen to the corn and soybeans in Indiana?

When the value of a country's exports is higher than its imports it is called..

Land, _____, capital and entrepreneurship are all factors of production.

_______ means limited amount of of resources available.

Countries that have great deal of manufacturing, and service industries and high incomes...

Positives of industrialization are called

The US not trading with Cuba is an example of

A country whose activities are farming, mining and fishing are called

The removal of trade restrictions so the goods flow freely between countries is called:

Ford is a MNC. The US would be allowed to use Ford's goods in other countries when determining

This type of economy is based on customs and resources are distributed mainly through families.