Economy

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13 Questions - Developed by: Mom - Developed on: - 2.780 taken

  • 1
    Market based economic system with limited government involvement___________
  • 2
    Level of economic prosperity ____________.
  • 3
    The method used by a society to produce and distribute goods and services_____________.
  • 4
    A person or grouped of people living in the same residence________________________.
  • 5
    Economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in markets__________________.
  • 6
    The love of one’s country the passion that inspires a person to serve his or her country_______________.
  • 7
    ______________ Economic system in which the central government makes all decisions on the production and consumption of goods and services.
  • 8
    ___________________ the income people receive for supplying factors of production such as land, labor, or capital.
  • 9
    ____________________economic system that relies on habit, custom or ritual to decide questions of production and consumption of goods and services.
  • 10
    _____________________ government programs that protect people experiencing unfavorable economic conditions.
  • 11
    11. _____________________________the concentration of the productive efforts of individuals and firms and limited number of activities.
  • 12
    ______________________________an arrangement that allows buyers and sellers to exchange things.
  • 13
    _____________________Economic system in central authority is in command of the economy; a centrally planned economy.

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