Which is a central characteristic of a free market economy?

In which economic system would you expect the widest selection of consumer goods?

In a traditional economy, information about the ways goods are produced is passed from one generation to the next by

Which is a major feature of an economy based on subsistence agriculture?

Which group has the greatest influence in deciding which goods and services will be produced in a communist economy?

An essential characteristic of a communist economy is the

Economic development refers to

A more developed nation will have all of the following except

In a less developed nation you will find mostly

All of the following are examples of primary industries except

Which of the following is an example of a secondary industry?

Which type of economic activity would most likely be found in a newly industrialized country with commerical industry?

Which is a charcteristic of a less developed nation?

Globalization is

Natural resources include all of the following except

Infrastructure includes all except

The problem of scarcity is

Which economic system allows people more freedom and choice?

Supply refers to

Demand refers to

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