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Which of the following would be an example of physical capital?
Mixed
Consumers would have less goods to choose from
Command
Both A and B
Quota
Both B and C
Traditional
The oven the master chef uses to prepare food
Which of the following would most likely NOT be a result of free trade?
Mixed
Consumers would have less goods to choose from
Command
Both A and B
Quota
Both B and C
Traditional
The oven the master chef uses to prepare food
________ economy, the government will make ALL of the decisions about what should be produced. North Korea the former Soviet Union are examples of countries that have/had this type of economic system.
Mixed
Consumers would have less goods to choose from
Command
Both A and B
Quota
Both B and C
Traditional
The oven the master chef uses to prepare food
Why would country put a trade barrier, like a tariff, in place?
Mixed
Consumers would have less goods to choose from
Command
Both A and B
Quota
Both B and C
Traditional
The oven the master chef uses to prepare food
A(n) _______________ is when a government places a limit on the amount of imported goods that can come into the country.
Mixed
Consumers would have less goods to choose from
Command
Both A and B
Quota
Both B and C
Traditional
The oven the master chef uses to prepare food
_________ economy, supply demand may be used to determine what will be produced, but the government may create some economic laws for public safety. For example, the government might make it illegal for people under the age of 18 to buy tobacco.
Mixed
Consumers would have less goods to choose from
Command
Both A and B
Quota
Both B and C
Traditional
The oven the master chef uses to prepare food
Which of the following would be an example of a natural resource?
Mixed
Consumers would have less goods to choose from
Command
Both A and B
Quota
Both B and C
Traditional
The oven the master chef uses to prepare food
__________ economy, hunting, gathering, farming would be the main ways that most people would produce the goods they need to survive.
Mixed
Consumers would have less goods to choose from
Command
Both A and B
Quota
Both B and C
Traditional
The oven the master chef uses to prepare food
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