Economics

Using money to help start a business with the hope of turning a profit is known as what??

Which of the following are the 3 main production factors in an economy??

A farmer who decides to produce wheat rather then barley is an example of what??

Who wrote the "Communist Manifesto" in 1848??

What is the practical application of science to commerce or industry??

Resources that are always limited compared to the number and variety of peoples wants is ___??

Which country is an example of a mixed economy??

An economy where members work together to support the society rather than their families is___.

After the production process the next two steps IN ORDER are ____ and ____??

The difference between the total cost of production and total revenues received from buyers.

A system where people make their own decisions about how to save resources

The process of combining land, labor and capital is known as ____??

What kind of an economy do we have in the United States??

An example of a renewable natural resource is what??

A system in which individuals are free to undertake economic activities without the government.

Which economy is a process where buyers and sellers agree to exchange goods or services??

An example of a traditional economy is what??

The economy where government has control of banking, transportation and manufacturing is ____.

How many production factors are there in an economy??

The highest valued benefit that is given up when an economic decision is made is called what??

Which of the following countries is an example of a Socialist country??

The three types of economies are what??

The phrase "Let them do as they please" is also known as what??

An example of financial capital that can be used for investing is what??

The belief that political equality must be coupled with economic equality. Hint: Bernie Sanders