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Which type of economic system is based on customs and beliefs?
traditional economy
embargo
individual citizens
Entrepreneurs can make significant contributions to economies.
the factories, machinery, and technology used to make goods
a mixture of private and government-owned businesses
a system for exchanging currencies
GDP may not rapidly increase because poorly trained workers will not be able to do their jobs as well.
If a country does not invest in its human capital, how can it affect the country’s GDP?
traditional economy
embargo
individual citizens
Entrepreneurs can make significant contributions to economies.
the factories, machinery, and technology used to make goods
a mixture of private and government-owned businesses
a system for exchanging currencies
GDP may not rapidly increase because poorly trained workers will not be able to do their jobs as well.
In some countries, it is easy to start a business. What impact does this have on the role of entrepreneurs?
traditional economy
embargo
individual citizens
Entrepreneurs can make significant contributions to economies.
the factories, machinery, and technology used to make goods
a mixture of private and government-owned businesses
a system for exchanging currencies
GDP may not rapidly increase because poorly trained workers will not be able to do their jobs as well.
Who chooses how to produce in a market economy?
traditional economy
embargo
individual citizens
Entrepreneurs can make significant contributions to economies.
the factories, machinery, and technology used to make goods
a mixture of private and government-owned businesses
a system for exchanging currencies
GDP may not rapidly increase because poorly trained workers will not be able to do their jobs as well.
What are capital goods?
traditional economy
embargo
individual citizens
Entrepreneurs can make significant contributions to economies.
the factories, machinery, and technology used to make goods
a mixture of private and government-owned businesses
a system for exchanging currencies
GDP may not rapidly increase because poorly trained workers will not be able to do their jobs as well.
A mixed economy is:
traditional economy
embargo
individual citizens
Entrepreneurs can make significant contributions to economies.
the factories, machinery, and technology used to make goods
a mixture of private and government-owned businesses
a system for exchanging currencies
GDP may not rapidly increase because poorly trained workers will not be able to do their jobs as well.
Which type of trade barrier is a limit on trade?
traditional economy
embargo
individual citizens
Entrepreneurs can make significant contributions to economies.
the factories, machinery, and technology used to make goods
a mixture of private and government-owned businesses
a system for exchanging currencies
GDP may not rapidly increase because poorly trained workers will not be able to do their jobs as well.
Which of these must be present for international trade to be successful?
traditional economy
embargo
individual citizens
Entrepreneurs can make significant contributions to economies.
the factories, machinery, and technology used to make goods
a mixture of private and government-owned businesses
a system for exchanging currencies
GDP may not rapidly increase because poorly trained workers will not be able to do their jobs as well.
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