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What is an embargo
It encourages specialization and usually means more profit.
consumers and the market
custom and habit
a halt to trade with a particular country for economic or political reasons.
Most countries have aspects of all three economic types at work in their economies.
Embargo
Self-sufficient
Imported
Why are most modern economies referred to as mixed economies?
It encourages specialization and usually means more profit.
consumers and the market
custom and habit
a halt to trade with a particular country for economic or political reasons.
Most countries have aspects of all three economic types at work in their economies.
Embargo
Self-sufficient
Imported
In a traditional Economy how are economic decisions made?
It encourages specialization and usually means more profit.
consumers and the market
custom and habit
a halt to trade with a particular country for economic or political reasons.
Most countries have aspects of all three economic types at work in their economies.
Embargo
Self-sufficient
Imported
In a market economy how are economic decisions made?
It encourages specialization and usually means more profit.
consumers and the market
custom and habit
a halt to trade with a particular country for economic or political reasons.
Most countries have aspects of all three economic types at work in their economies.
Embargo
Self-sufficient
Imported
When a country can produce all the goods and services it needs
It encourages specialization and usually means more profit.
consumers and the market
custom and habit
a halt to trade with a particular country for economic or political reasons.
Most countries have aspects of all three economic types at work in their economies.
Embargo
Self-sufficient
Imported
Goods brought in to one country from another country
It encourages specialization and usually means more profit.
consumers and the market
custom and habit
a halt to trade with a particular country for economic or political reasons.
Most countries have aspects of all three economic types at work in their economies.
Embargo
Self-sufficient
Imported
How does voluntary trade help the economy?
It encourages specialization and usually means more profit.
consumers and the market
custom and habit
a halt to trade with a particular country for economic or political reasons.
Most countries have aspects of all three economic types at work in their economies.
Embargo
Self-sufficient
Imported
When one country announces that it will no longer trade with another
It encourages specialization and usually means more profit.
consumers and the market
custom and habit
a halt to trade with a particular country for economic or political reasons.
Most countries have aspects of all three economic types at work in their economies.
Embargo
Self-sufficient
Imported
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