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(RR2) Which type of economy can be described as one where currency would not likely be used people focus primarily on producing only what they need to survive?
Mixed
Traditional
Command
Because most currencies have different values, which are always changing.
Market
FALSE
TRUE
Physical Capital
(RR2) Which type of economy can be described as one in which the existing government makes all economic decisions?
Mixed
Traditional
Command
Because most currencies have different values, which are always changing.
Market
FALSE
TRUE
Physical Capital
(RR3) In a market economy, 4 Factors of Production are employed to make most goods. The CHAINSAW used to cut down trees for wood would be an example of which factor of production?
Mixed
Traditional
Command
Because most currencies have different values, which are always changing.
Market
FALSE
TRUE
Physical Capital
(RR2) Which type of economy can be described as one where business owners are free to make most economic decisions, but the government does set some guiding rules and regulations for the purposes of public safety?
Mixed
Traditional
Command
Because most currencies have different values, which are always changing.
Market
FALSE
TRUE
Physical Capital
(RR4-C) When trade barriers are put into place, consumers will most likely have more choices of goods to choose from at lower prices.
Mixed
Traditional
Command
Because most currencies have different values, which are always changing.
Market
FALSE
TRUE
Physical Capital
(RR7/QR30) Why does international trade require a system for exchanging currency?
Mixed
Traditional
Command
Because most currencies have different values, which are always changing.
Market
FALSE
TRUE
Physical Capital
(RR4-B) When FREE TRADE occurs, consumers will most likely have more choices of goods to choose from at lower prices.
Mixed
Traditional
Command
Because most currencies have different values, which are always changing.
Market
FALSE
TRUE
Physical Capital
(RR2) Which type of economy can be described as one where producers and consumers are free to make their own economic decisions without any influence from a government?
Mixed
Traditional
Command
Because most currencies have different values, which are always changing.
Market
FALSE
TRUE
Physical Capital
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