Economic System in which the government answers the basic questions of what, how and for whom to produce.

Trade barrier that limits the amount of imports from some country.

Timber, Oil, Cotton - are all examples of:

Economic System where competition and advertising are found.

GDP, Gross Domestic Product, is a measure of an economy's:

Economic System in which 'the way we've always done it' is the answer to the questions, what, how, and for whom to produce.

Education, training, and healthcare (doctors, clinics, medicines)

Economic Systems where buyers and sellers decide on prices of goods and services.

A communist country with heavy government control likely has which type of economic system?

Most countries have a _____________ Economy

All societies must answer the 3 basic economic questions. Which are:

Why do most countries have a mixed economy?

What is a tariff?

A 7th grade class decides to open a popcorn stand. The stand and the popcorn popper are examples of which factor of production?

Which of these best describes a Market economy?

Which of these best describe a mixed economy?

An increase in a nation's GDP would reflect an increase in:

Increased worker productivity equals:

An increase in GDP could reflect a government having invested in:

Next generation technology, including advanced robotics is part of:

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