The value of the next best alternative that has to be given up for the action that is chosen is the:

A production possibilities curve helps determine:

It is easier to start your own business in a:

A major characteristic of a pure market economy is:

Pure socialism is characterized by:

Another term for a market economy is a:

A free-enterprise system is one in which:

A disadvantage of a pure market economy is:

Using resources wisely so that people are better off economically is referred to as:

As an economic term, land refers to:

The amount of military goods given up in a year is the opportunity cost for producing:

All economic systems:

Almost all economic systems today are:

In a command economy, the factors of production are decided by:

One advantage of a traditional economy is:

Which of the following describes a free-enterprise system?

Who owns the factors of production and makes economic decisions in a market economy?

The goal of economic stability is to reduce extreme ups and down in the:

Which of the following is a characteristic of capitalism?

Which of the following is a characteristic of pure socialism?

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