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Important goals of a market economy includes

Human capital is important because without it people would be able to

Broad Social Goals

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1
Human capital is important because without it people would be able to
b. build
b. create things
a. design things
d. all of the above
2
Important goals of a market economy includes
c. Economic Freedon
a. Economic growth
d. All of the above
b. economic efficiency
3
Economic grow ensures that Gross Domestic product increases
b. Businesses and doing well
d. all of the above
a. atleast 4% annually
c. Consumers have a job
4
The factors of production includes
c. Physical capital (equiptments, machinery, computers
b. Human capital (all of your knowledge and skills)
d. All of the above
a. Land (all natural resources)
5
A mixed economy includes the following elements
a. Economic growth
d. Both a and b
c. Business and consumers owning all the factors of prod.
b. Government owning some of the factors of production
6
A public policy alway has
a. costs and benefits
d. none of the above
c. only costs
b. only benefits
7
a. all economic systems deals with the same issue of
c. deciding the 3 economic questions, what, how and who
d. All of the above
a. scarcity
b. unlimited wants and unlimited resources
8
Labor is an important factor of production because it includes the work people do such as
c. building a home
a. driving a truck
c. working as a cashier
d. all of the above
9
This goal ensures that GDP grows 3-5% annually and is important in a
d.Both C and D
c. Mixed market economy</p>
a. Command economy
b. Market ecomomy
10
^{Economic Freedom ensures that}
c. quit their job or start a new one
b. decides if they should spend or save their money
d. All of the above
a. consumers has the freedom to start a business