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In this type of economic system the government makes ALL economic decisions.
a tax on imported goods - to make foreign goods more expensive
Gross Domestic Product (GDP)
mixed
presidential democracy
A delivery company buys faster trucks.
because they can produce more good in less time, which will save them money
command
True
The total value of all goods and service produced by a country in a given year. This statistic is commonly used to compare the economic strength of countries.
a tax on imported goods - to make foreign goods more expensive
Gross Domestic Product (GDP)
mixed
presidential democracy
A delivery company buys faster trucks.
because they can produce more good in less time, which will save them money
command
True
Which of the following would be an example of investment in physical capital?
a tax on imported goods - to make foreign goods more expensive
Gross Domestic Product (GDP)
mixed
presidential democracy
A delivery company buys faster trucks.
because they can produce more good in less time, which will save them money
command
True
What is a tariff and why would a government put one in place?
a tax on imported goods - to make foreign goods more expensive
Gross Domestic Product (GDP)
mixed
presidential democracy
A delivery company buys faster trucks.
because they can produce more good in less time, which will save them money
command
True
Why do businesses in different countries specialize?
a tax on imported goods - to make foreign goods more expensive
Gross Domestic Product (GDP)
mixed
presidential democracy
A delivery company buys faster trucks.
because they can produce more good in less time, which will save them money
command
True
Toussaint L'Overture, who was born a slave, is considered to be the symbol of Haitian independence from France.
a tax on imported goods - to make foreign goods more expensive
Gross Domestic Product (GDP)
mixed
presidential democracy
A delivery company buys faster trucks.
because they can produce more good in less time, which will save them money
command
True
In my country the citizens directly elect our head of government and head of state. One person has both of these jobs.
a tax on imported goods - to make foreign goods more expensive
Gross Domestic Product (GDP)
mixed
presidential democracy
A delivery company buys faster trucks.
because they can produce more good in less time, which will save them money
command
True
In most countries, producers and consumers are free to make most of their own economic choices, but the governments make some economic rules for the purpose of public safety. What do we call this type of economic system?
a tax on imported goods - to make foreign goods more expensive
Gross Domestic Product (GDP)
mixed
presidential democracy
A delivery company buys faster trucks.
because they can produce more good in less time, which will save them money
command
True
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