Economics - 2022-23

Which type of economic system is handed down from generation to generation what you will do?

The USA exchanges planes with Brazil for timber. This is an example of:

Which of these BEST shows an investment in CAPITAL GOODS for a company?

A term used to describe useful material found in the environment is

Goods or services which are traded to another country are called:

A 10% tax put on cars that are brought into the USA is an example of a

The increase in value of all goods and services that a country makes from year to year.

Another name for having a low supply of a good is

Money (often paper) used as a medium of exchange is called:

A limit on the amount of a product that can be brought into a country

Products that are brought into a country are called:

A place where money from different countries is traded for a small fee is called a/an__________________

Using income today to allow growth in the future. Training, technology, and education are examples of this:

Which of the following is found in a market economy?

In what economic system are all decisions made by the government?

10,000 people want Superbowl tickets but there are only 500 available. This is an example of:

The term used to describe the level of comfort enjoyed by a person or society is

What economic system produces what it needs to survive & makes the decisions based on the past?

What economic system is controlled by people and has no government control?

An iPhone 14 is just released and is hard to get, so people are willing to pay $1,500 for it. This is an example of:

Someone who risks time and or their own money to start a business is called a/an:

If only 50% of a country is able to read, they would be considered as having a: