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The United States is best characterized as a command economy.
true
transportation, communication, and utility systems
true
true
Government ownership of resources
true
opportunity cost
false
A country's culture, traditions, and religion can act as informal trade barriers
true
transportation, communication, and utility systems
true
true
Government ownership of resources
true
opportunity cost
false
Which of the following is NOT a characteristic of capitalism?
true
transportation, communication, and utility systems
true
true
Government ownership of resources
true
opportunity cost
false
Infrastructure refers to a country's
true
transportation, communication, and utility systems
true
true
Government ownership of resources
true
opportunity cost
false
People with poor credit ratings pay a higher interest rate to borrow money than people with good credit ratings.
true
transportation, communication, and utility systems
true
true
Government ownership of resources
true
opportunity cost
false
Without foreign trade, many things you buy would cost more, or not be available.
true
transportation, communication, and utility systems
true
true
Government ownership of resources
true
opportunity cost
false
The value of the next-best alternative that you did not choose it called
true
transportation, communication, and utility systems
true
true
Government ownership of resources
true
opportunity cost
false
Only final goods are counted when GDP is measured.
true
transportation, communication, and utility systems
true
true
Government ownership of resources
true
opportunity cost
false
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