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All economic decisions in a command economy are decided by whom?
Opportunity Cost
Command, Market, Mixed, Traditional
Labor/ Human
Entrepreneurship
False
Trade-off
businesses and consumers
Government
Sacrificing one good or service to produce another good or service is what?
Opportunity Cost
Command, Market, Mixed, Traditional
Labor/ Human
Entrepreneurship
False
Trade-off
businesses and consumers
Government
What productive resource is the quantity and quality of human effort to produce goods and services.?
Opportunity Cost
Command, Market, Mixed, Traditional
Labor/ Human
Entrepreneurship
False
Trade-off
businesses and consumers
Government
What are the four main economic systems?
Opportunity Cost
Command, Market, Mixed, Traditional
Labor/ Human
Entrepreneurship
False
Trade-off
businesses and consumers
Government
What productive resource is a characteristic of individuals who assume the risk of organizing productive resources?
Opportunity Cost
Command, Market, Mixed, Traditional
Labor/ Human
Entrepreneurship
False
Trade-off
businesses and consumers
Government
Market economy bases every desicion off of what?
Opportunity Cost
Command, Market, Mixed, Traditional
Labor/ Human
Entrepreneurship
False
Trade-off
businesses and consumers
Government
Second Alternative is what?
Opportunity Cost
Command, Market, Mixed, Traditional
Labor/ Human
Entrepreneurship
False
Trade-off
businesses and consumers
Government
Each Economic systems answers the following questions: What, How, and Why we produce goods.
Opportunity Cost
Command, Market, Mixed, Traditional
Labor/ Human
Entrepreneurship
False
Trade-off
businesses and consumers
Government
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