sports and entertainment I ECONOMICS 2

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A system based on the way things have always been done describes what type of economy?

When a product is a necessity, demand is:

Amy would prefer to buy the Sweet Home Alabama DVD when prices:

Which of the following is an example of a communist economy?

All materials used to produce goods and services are called:

A gradual increase in leisure time activities and purchase of related merchandise occurs in which phase of the business cycle?

What condition exists when Blockbuster does not have enough copies of a new video game to satisfy the demand of all its consumers?

Which of the following is an example of a socialist economy?