6th Government & Economics Test Review

If a product is scarce this means there is...

Which trade barrier places a limit on goods?

If a company uses wind energy to offset their cost of fossil fuels, they invest in...

This is a measure of a nation's total economic activity.

Which trade barrier places a tax on goods?

If there is a large supply and little demand for a product, the price will...

A business paying for an employee's college education is an example of an investment in...

A business that purchases newer computer software to speed up production is an investment in...

Which type of economy provides the LEAST FREEDOMS for its citizens?

Which of the following is NOT another name for a market economy?

How much of a product is available is know as...

If there is a high demand and limited supply of a product, the price will...

Which type of economy gives citizens the MOST FREEDOMS?

Which trade barrier blocks trade between countries?

This is the type of economy that most countries have today.

If a company purchases wind turbines to reduce their energy costs, they are investing in...

If a farmer stops growing 10 different crops and only grows corn, this is known as...

Which of these is the BEST example of entrepreneurship?