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All of the following are characteristics of a free market economy EXCEPT
Command
no consumer choice
Price
Profit
competition
Government
Free Market
Individuals, business, and government
The government controls the means of production in what economic system?
Command
no consumer choice
Price
Profit
competition
Government
Free Market
Individuals, business, and government
All of the following are characteristics of a command economy EXCEPT
Command
no consumer choice
Price
Profit
competition
Government
Free Market
Individuals, business, and government
In the United States economic system, who makes decisions?
Command
no consumer choice
Price
Profit
competition
Government
Free Market
Individuals, business, and government
What does the interaction between supply and demand decide?
Command
no consumer choice
Price
Profit
competition
Government
Free Market
Individuals, business, and government
Who makes decisions for the public sector in a mixed economy?
Command
no consumer choice
Price
Profit
competition
Government
Free Market
Individuals, business, and government
Private ownership of property and resources is a characteristic of what type of economic system?
Command
no consumer choice
Price
Profit
competition
Government
Free Market
Individuals, business, and government
In the United States economy, business owners are allowed to keep all earnings they make after all expenses have been paid. What are these earnings called?
Command
no consumer choice
Price
Profit
competition
Government
Free Market
Individuals, business, and government
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