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Market economic system means:
a tax on imports
Competition
Producers and consumers work together to determine what to produce
Market is best for growing your economy, but the consumers need protection from fraud.
Traditional
A person can start any legal business and charge any price.
Capital resources
A combination of privately-owned industry and government control.
Which of these best describe a mixed economy?
a tax on imports
Competition
Producers and consumers work together to determine what to produce
Market is best for growing your economy, but the consumers need protection from fraud.
Traditional
A person can start any legal business and charge any price.
Capital resources
A combination of privately-owned industry and government control.
In a Market economy, you would find:
a tax on imports
Competition
Producers and consumers work together to determine what to produce
Market is best for growing your economy, but the consumers need protection from fraud.
Traditional
A person can start any legal business and charge any price.
Capital resources
A combination of privately-owned industry and government control.
What is a tariff?
a tax on imports
Competition
Producers and consumers work together to determine what to produce
Market is best for growing your economy, but the consumers need protection from fraud.
Traditional
A person can start any legal business and charge any price.
Capital resources
A combination of privately-owned industry and government control.
Which of these best describes a Market economy?
a tax on imports
Competition
Producers and consumers work together to determine what to produce
Market is best for growing your economy, but the consumers need protection from fraud.
Traditional
A person can start any legal business and charge any price.
Capital resources
A combination of privately-owned industry and government control.
Why do most countries have a mixed economy?
a tax on imports
Competition
Producers and consumers work together to determine what to produce
Market is best for growing your economy, but the consumers need protection from fraud.
Traditional
A person can start any legal business and charge any price.
Capital resources
A combination of privately-owned industry and government control.
A 7th grade class decides to open a popcorn stand. The stand and the popcorn popper are examples of which factor of production?
a tax on imports
Competition
Producers and consumers work together to determine what to produce
Market is best for growing your economy, but the consumers need protection from fraud.
Traditional
A person can start any legal business and charge any price.
Capital resources
A combination of privately-owned industry and government control.
In which economic system does a single authority decide what is produced?
a tax on imports
Competition
Producers and consumers work together to determine what to produce
Market is best for growing your economy, but the consumers need protection from fraud.
Traditional
A person can start any legal business and charge any price.
Capital resources
A combination of privately-owned industry and government control.
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