Duplicate of Economics

Canada practices this type of economic philosophy

The benefit of producing one additional unit is:

every economy has influences that make it somewhat mixed...therefore it is a

Governments decide what and how much of a good or service is produced in a ________ economy.

USA practices this type of economic philosophy

________ measures the disadvantages of choosing one option over another.

How many candidates for president will be on the ballot in MS

land, labor, capital and entrepreneurship

refers to the skills of people who are willing to invest their time & money to run a business

the physical development of a country

this type of economy has increased govt involvement and the main goal is to meet basic needs

includes money to start up a business as well as goods used in the production process

What is the date of the presidential election

Mississippi has this many electoral votes

Scarcity occurs in _______ economies.

the organized way that a nation provides for the wants and needs of its citizens

political/economic philosophy where government controls the factors of production

the difference between wants & needs and available resources

All sectors of the economy are competitive in a:

North Korea practices this type of economic philosoph

A high risk business has _______ costs.

all people who work

Resources are UNLIMITED.

all things used in producing goods and services

traditions and rituals answer the basic economic questions of what, how and for whom

The basic concept of scarcity occurs because:

People's needs and wants are UNLIMITED.

includes everything contained in the earth or found in the seas

societies making the difficult change from command to market economies