Economic Basics

In a command economy the central government answers the three economic questions.

Which is not a factor of production?

In which economy does the government make all the economic decisions

The economic principles relating to the qty of products available to meet consumer demand is?

Another term for labor is productivity. 

What is the use for capital goods?

Which overall economy handles things like law enforcement and national defense?

The opportunity cost is the value of the best option you did choose?

What are the market forces

Economic input is

Which is not a problem of scarcity?

Which economy does the US have?

Industrial technology includes 

Which is not a natural resource?

In which economy are businesses and individuals making economic decisions?

Which economic system has decisions made by elders of the society

Which of the following is not a question each economy must answer?

Which one best describes a socialist economy?

Which is not part of the mixed economy?

The final factor  of production is 

Transportation infrastructure includes