Who owns businesses and determines what to produce in a market economy?

The science that deals with the production, distribution, and consumption of goods and services is known as...

In which economic system does the government make all economic decisions?

A number limit on the amount of goods allowed to be imported is a

When customs, practices, and traditions are passed down from generation to generation to determine what and how to produce, a country has a

Which economic terms means to 'make'?

A person who purchases a product is performing which economic activity?

Most countries in the world use which economic system?

What word is a synonym for currency?

A tax (fee) paid on imports is called a

Which one of the following is NOT an example of a market economy?

In which economic system does a single authority decide what is produced?

Which European country would be closest to COMMAND on the economic continuum?

Which of the following would reflect a country with a mixed economy?

What is the best example of specialization?

In a market economy (free market), prices are determined by

A factory that builds only cars in an example of

What is the purpose of a tariff?

In a market economy, the price of a pound of beef

Which of the following is NOT another name for a free market economy?

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