Unit 4 Review

Match it! Select the correct answer from the pull down...Good luck!

What determines the type of economy for a country?

Which economic system is centrally-owned and planned and lacks choice?

Who rules the market in a Free Market System?

Which economic term relates to not having enough resources to produce for all wants and needs?

What is determined by supply and demand?

Which amendment created a federal income tax?

Which economic system has competition, profit motive, consumer sovereignty and choice with minimal to no government involvement?

Which economic system has individuals and businesses making decisions for the private sector and government for the public sector?