Econ Economic Systems

Which economic system is based on customs of the past?

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

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

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

What are the 3 basic economic systems?

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

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

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

A limit on foreign goods coming into the country is called

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

A tax on goods coming into the country is called

A formal halt to trade between nations is called

This economic systems includes free enterprise with some government control.

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

Decreasing taxes for small business is an investment in

Which country has the highest literacy rate and standard of living in Southwest Asia?

Which of the following is not a natural trade barrier?

Replanting trees that have been cut down is an investment in

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

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