Basics of Economics Review

Which agency protects consumers from unsafe products like electronics?

Which agency guarantees safe working conditions?

Which type of economy offers little or no individual choice in economic decisions?

Which type of economy is based on customs?

Which type of economy produces only what is needed?

Which economy offers competition and profit motive?

Which agency tests medicines and vaccines?

Which kind of economy is the most common?

Which type of economy has almost no government involvement?

In which type of economy does the government make economic decisions and own property and resources?

In which type of economy do individuals decide what and how to produce?

In which type of economy do people often work the same jobs as their parents?