Econ

Question 1

This economy goes through the process of shifting to command from market economies.

Accepted Answer

Transitional

Question 2

Consumers get low priority with this economy.

Accepted Answer

Pure Command

Question 3

What economy can face environmental damage?

Accepted Answer

Pure Command

Question 4

In this economy, private firms account for all production.

Accepted Answer

Pure Market

Question 5

Having no public goods can be a problem for what economy?

Accepted Answer

Pure Market

Question 6

The US is what kind of economy?

Accepted Answer

Mixed

Question 7

When firms try to monopolize a market it's a problem for what economy?

Accepted Answer

Pure Market

Question 8

The worker with the lower opportunity cost of producing a particular output.

Accepted Answer

Comparative Advantage

Question 9

This economy is where everything is government owned and coordinate production.

Accepted Answer

Pure Command

Question 10

What economy is based on customs or religion?

Accepted Answer

Traditional

Question 11

Difficulty Enforcing Property Rights is a con of what Economy?

Accepted Answer

Pure Market

Question 12

This economy can face economic fluctuations

Accepted Answer

Pure Market

Question 13

The ability to make something using fewer resources than other producers require.

Accepted Answer

Absolute

Question 14

Can someone have both absolute advantage and comparative?

Accepted Answer

No

Question 15

This economy can have little freedom of choice.

Accepted Answer

Pure Command

Question 16

Some people have few resources to sell is a problem for what Economy?

Accepted Answer

Pure Market

Questions 16