Economic Systems/FOPS

Which of the following is an question all economic systems ask

A sense of economic fairness and justice[ this best represents the goal of

The concept that societies goals will be met as individuals seek their own self interest is....

North Korea is an example of what kind of economic system

How many Economic questions do all Economic systems ask

Which of the following headlines would MOST LIKELY be found in a country that values the economic goal of growth?

A person who combines the factors of production to create goods and services is called

The number of Factors of Production are

F.O.P stands for

Any skills of knowledge a worker acquires through education is called

A country guarantees that every person will receive adequate food, shelter, and clothing represents which ECONOMIC GOAL

Human Capital involves skills or knowledge gained by a worker. An example of this is

Producing goods and services requires the use of resources

Human made resources used to create other goods and services is called

That's the way we've always done-it-ville best describes an.....

The desire to help people attain their basic need Best represents the goal of

Laissez Faire means Let it be

The desire of consumers and producers to make their own decisions. This best represents the goal of

the desire to use resources to gain the most production at the lowest opportunity cost This best represents the goal of

A kitchen in a pizza parlor is an example of a........

There are two types of Capital

Whom? is answered by government and buisness in what type of economic system

The Rules of supply and demand do not apply to this economic system

Preventing rapid inflation or deflation This best represents the goal of....