Unit 3 Exam Review

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

Which of the following is an advantage of free market economies?

Economic systems must answer the three economic questions because resources are_______________.

Adam Smith's concept of the invisible hand plays an important role in________________ economies.

Which of the following is considered a market?

Which nation has a pure free market economy?

Which of the following is NOT one of the three key economic questions?

The term laissez faire means that the_______________ is not involved or is involved on a very limited basis in the economy.

Markets are necessary because no one is able to provide all of their ________________.