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A(n) _______________ is when a government bans trade with a certain country. The United States has one of these in place against Cuba.
The oven the master chef uses to prepare food
traditional
command economy.
embargo
quota
The knowledge and skills of a dentist
Where will we locate the government?
market
Which of the following would be an example of human capital?
The oven the master chef uses to prepare food
traditional
command economy.
embargo
quota
The knowledge and skills of a dentist
Where will we locate the government?
market
Which of the following is NOT a question an economic system use by people must answer?
The oven the master chef uses to prepare food
traditional
command economy.
embargo
quota
The knowledge and skills of a dentist
Where will we locate the government?
market
A(n) _______________ is when a government places a limit on the amount of imported goods that can come into the country.
The oven the master chef uses to prepare food
traditional
command economy.
embargo
quota
The knowledge and skills of a dentist
Where will we locate the government?
market
Which of the following would be an example of physical capital?
The oven the master chef uses to prepare food
traditional
command economy.
embargo
quota
The knowledge and skills of a dentist
Where will we locate the government?
market
“The government has decided that we will only be allowed to purchase two new pairs of pants each year.” The previous statement was most likely made by a person living in a
The oven the master chef uses to prepare food
traditional
command economy.
embargo
quota
The knowledge and skills of a dentist
Where will we locate the government?
market
In a ________________ economy the producers and consumers use the law of supply demand, WITHOUT ANY government rules or regulations, to determine what should be produced?
The oven the master chef uses to prepare food
traditional
command economy.
embargo
quota
The knowledge and skills of a dentist
Where will we locate the government?
market
“I live in a hut that I made from wood that my family gathered from the nearby forest. I spend most of my days fishing to have something to barter with in my small village and to feed my family.” This statement describes a ________ economy.
The oven the master chef uses to prepare food
traditional
command economy.
embargo
quota
The knowledge and skills of a dentist
Where will we locate the government?
market
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Match it!
Match it!