Economics 2.1

Question 1

Berenstein Bears or Berenstain bears?

Accepted Answer

berenstain

Question 2

How to use our resources to produce goods & services is an example of:

Accepted Answer

how should these goods & services be produced?

Question 3

A market-based economic system with limited government involvement

Accepted Answer

mixed economy

Question 4

Are sometimes called Command Economies

Accepted Answer

Centrally planned economies

Question 5

Economic decisions are made by individuals & based on exchange or trade in

Accepted Answer

Market Economy

Question 6

Each society must decide what to produce in order to satisfy its needs and wants is an ex of:

Accepted Answer

What goods and services should be produced

Question 7

Differnces btwn the econmic systems arise frm ways each systm answrs prodctn & distrbtn questns

Accepted Answer

True

Question 8

Fair distribution of wealth is

Accepted Answer

Economic equity

Question 9

This question lies at the heart of the differences between economic systems today

Accepted Answer

Who consumes these goods & services?

Question 10

Is a way in which a society decides to produce & distribute goods & services

Accepted Answer

economic system

Question 11

Making the most of resources is

Accepted Answer

Economic efficiency

Questions 11