Economics Review

Found in agricultural-based economies

There are no pure market economic systems, but which of the following counties is closest?

Another name for a market economy is

Which trade barrier sets a complete ban on any trade between countries?

A product of the earth that people use to meet their needs is a 

Someone who takes a risk by starting their own business is a/an

Which of the following would be MOST helpful in improving a country's standard of living?

In a command economy, economic decisions are made by the

A literate adult is LEAST likely to have

Which is an example of a company investing in capital goods?

An economic system with fairly equal features of both command and market economies

The economic system in which citizens make all economic decisions is

The number limit on how many items of a particular product can be imported from a country is 

Which of the following is NOT one of the basic questions that all economic systems must answer

Which is an example of a physical trade barrier?

Which would be considered an investment in human capital?

Another name for market economy

Which of the following is NOT a factor of economic growth?

In a traditional economy, goods and services are exchanged through

Which of the following is found in a market economy?

In economics, we call the work done by human beings..............

A tariff is an increase in the amount of tax placed upon

Who owns the resources in a command economy?

The economic system of communist countries is most closely related to a

__________ play an important role in market economies because they are willing to take risks