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In a market economy, who makes the economic decisions?
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
The Wealth of Nations
Microeconomics
Communism
Command economy
Command and Market
You miss what happened on the show and will have to watch it later.
government
Which of the following focuses on economic decision making by individuals, households, and businesses?
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
The Wealth of Nations
Microeconomics
Communism
Command economy
Command and Market
You miss what happened on the show and will have to watch it later.
government
An economy where a government controls and makes all economic decisions is a:
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
The Wealth of Nations
Microeconomics
Communism
Command economy
Command and Market
You miss what happened on the show and will have to watch it later.
government
Which definition is for capitalism?
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
The Wealth of Nations
Microeconomics
Communism
Command economy
Command and Market
You miss what happened on the show and will have to watch it later.
government
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.
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
The Wealth of Nations
Microeconomics
Communism
Command economy
Command and Market
You miss what happened on the show and will have to watch it later.
government
Identify the revolutional economic book written by Adam Smith.
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
The Wealth of Nations
Microeconomics
Communism
Command economy
Command and Market
You miss what happened on the show and will have to watch it later.
government
All of the following are economic systems, EXCEPT:
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
The Wealth of Nations
Microeconomics
Communism
Command economy
Command and Market
You miss what happened on the show and will have to watch it later.
government
A mixed economy contains traits of what two types of economies?
an economic system in which factors of production are privatelyowned and money is invested in business ventures to make proft
The Wealth of Nations
Microeconomics
Communism
Command economy
Command and Market
You miss what happened on the show and will have to watch it later.
government
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