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The United Kingdom, Germany, Russia all have a _________________ economy, b/c the governments have some, but not total control, of their economies.
embargo
Scarcity
command economy.
market
tariff
The oven the master chef uses to prepare food
command
mixed
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?
embargo
Scarcity
command economy.
market
tariff
The oven the master chef uses to prepare food
command
mixed
“Only government-approved foods will be sold from now on. All private property now belongs to the government.” The previous statement was most likely made by a person living in a country with a ___________________________ economy.
embargo
Scarcity
command economy.
market
tariff
The oven the master chef uses to prepare food
command
mixed
Which of the following would be an example of physical capital?
embargo
Scarcity
command economy.
market
tariff
The oven the master chef uses to prepare food
command
mixed
A(n) _______________ is when a government bans trade with a certain country. The United States has one of these in place against Cuba.
embargo
Scarcity
command economy.
market
tariff
The oven the master chef uses to prepare food
command
mixed
“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
embargo
Scarcity
command economy.
market
tariff
The oven the master chef uses to prepare food
command
mixed
_______________ is the conflict between unlimited desires and limited resources. In other words, there are not enough resources for everyone to have everything they need and want.
embargo
Scarcity
command economy.
market
tariff
The oven the master chef uses to prepare food
command
mixed
A(n) _______________ is when a government places a tax on imported goods being sold in their country.
embargo
Scarcity
command economy.
market
tariff
The oven the master chef uses to prepare food
command
mixed
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