Government-Economics

Front

What type of economy does North Korea have, where a dictator makes all of the economic decisions? Options: Traditional, Market, Command, Centrally Planned

Back

Command

Front

If there are only 100 televisions on sale and 200 people want to buy TV's, that is a problem of ____.

Back

scarcity

Front

In a command economy, who holds power over the economy?

Back

The government

Front

A person who comes up with a product or service, and finds the money and time to produce this new product.

Back

Entrepreneur

Front

The United States economy is based on this system: Command, Market, Traditional, Socialist

Back

Market

Front

This system only can exist in small, more isolated societies today.

Back

Traditional Economy

Front

If there is not enough of something it is described as?

Back

scarce

Front

What is the best measure of the economic well-being of a country? Options: net worth, GDP, open market value of goods, the daily stock market performance

Back

GDP

Front

The economy of the Bushmen of the Kalahari Desert the people follow the examples of their ancestors. This is what kind of economy?

Back

Traditional

Front

Manufacturing changes natural materials into usable products to meet society's __________&__________

Back

needs & wants