In this type of economy, prices are driven by private businesses competing for customers.

When one company has almost complete control over an industry, eliminating customer choice in which company to purchase a good or service from, this is known as a(n)

In economic terms, what are consumers?

A tax on the sale of goods coming from other countries is know as a(n)

A tax paid when you make a purchase is called a(n)

In some states, you have to pay a _____ tax when you own a home or piece of land.

To help people prepare for retirement by saving at least some money throughout their working career, the government applies the _______ tax to many people’s earnings.

When certain specific goods (like alcohol) are specially taxed, this is known as a(n)

In this type of economy, the government regulates and controls industries and prices directly

The United States economy is regarded as a(n)

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