Economic Systems

The total cost of goods and service produced in a year is called

A tax on goods coming into the country is called

The rate at which one currency is worth in comparison to another's is

This economic systems includes free enterprise with some government control.

Replanting trees that have been cut down is an investment in

Which of the following is not a natural trade barrier?

A scale showing the value of a country's currency in comparison to another country is 

Producing goods and services efficiently at the lowest cost is called

A person who takes the risk to start their own business is called

The 3 questions that must be answered by the economic system are

Producers and consumers make all the economic decisions in which economic system?

Which system is a combination of the 3 primary economic systems and is the most-used today?

Which of the following is not a man-made trade barrier?

The government controls all aspects of the economy in which system?

A limit on foreign goods coming into the country is called

As a country's literacy rate and GDP rises their standard of living usually

Health insurance, employee day care, and training are investments in

What are the 3 basic economic systems?

Investment in updating computer technology, machinery and equipment are investments in

Exchanging goods and services so that both parties benefit is called

Which economic system is based on customs of the past?

Decreasing taxes for small business is an investment in

A formal halt to trade between nations is called