RR3 Wood, Coal, Water, Oil are all examples of

RR3 If a pizza shop owner buys a new oven that can cook better/faster, she would be making an investment in

RR3 Which of the following would be an example of investment in human capital?

RR2 In a ________________ economy, hunting, gathering, farming would be the main ways that most people would produce the goods they need to survive.

RR4 Which of the following would be an example of a entrepreneurship?

RR2 In a ________________ economy, the government will make ALL of the decisions about what should be produced. North Korea is an example of a country that has this type of economic system.

RR2 In a ________________ economy the producers and consumers use the law of supply and demand, without any government rules or regulations, to determine what should be produced.

RR2 In a _________________ economy, supply demand may be used to determine what will be produced, but the government may create some economic laws for public safety. For example, the government might make it illegal to sell cocaine.

QR18 Today, he United Kingdom, Germany, Russia all have a _________________ economy, because their governments have some, but not total control, of their economies.

RR4-4B Which of the following would most likely NOT be a result of free trade, but would be a likely result of protectionism?

RR4 A(n) _______________ is when a government places a tax on imported goods being sold in their country, to make foreign products less competitive.

RR4 A(n) _______________ is when a government places a limit on the amount of imported goods that can come into the country

RR4 A(n) _______________ is when a government bans trade with a certain country. The United States has had one of these in place against Cuba.

RR4-4B Why would country put a trade barrier, like a tariff, in place?

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