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Match it! Select the correct answer from the pull down...Good luck!
Opportunity cost is the ______________ of what you are giving up.
You miss what happened on the show and will have to watch it later.
Marxism
Command and Market
The Wealth of Nations
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
Microeconomics
Does not allow for growth and development
advantages
Which definition is for capitalism?
You miss what happened on the show and will have to watch it later.
Marxism
Command and Market
The Wealth of Nations
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
Microeconomics
Does not allow for growth and development
advantages
Karl Marx is known as the father of what type of economy?
You miss what happened on the show and will have to watch it later.
Marxism
Command and Market
The Wealth of Nations
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
Microeconomics
Does not allow for growth and development
advantages
Identify the revolutional economic book written by Adam Smith.
You miss what happened on the show and will have to watch it later.
Marxism
Command and Market
The Wealth of Nations
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
Microeconomics
Does not allow for growth and development
advantages
A mixed economy contains traits of what two types of economies?
You miss what happened on the show and will have to watch it later.
Marxism
Command and Market
The Wealth of Nations
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
Microeconomics
Does not allow for growth and development
advantages
Which of the following is an example of opportunity cost of the following situation- Choosing to study for your economics test instead of watching American Horror Story.
You miss what happened on the show and will have to watch it later.
Marxism
Command and Market
The Wealth of Nations
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
Microeconomics
Does not allow for growth and development
advantages
A negative aspect of a traditional economy is:
You miss what happened on the show and will have to watch it later.
Marxism
Command and Market
The Wealth of Nations
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
Microeconomics
Does not allow for growth and development
advantages
Which of the following focuses on economic decision making by individuals, households, and businesses?
You miss what happened on the show and will have to watch it later.
Marxism
Command and Market
The Wealth of Nations
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
Microeconomics
Does not allow for growth and development
advantages
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