Ch.11 Entrepreneurship & The Economy

Multiple Choice

________ is a social science concerned with how people satisfy their demands for goods (things you can buy) and services (things that people do for you for a fee) when the supply of those goods and services are limited.

• Finance

• Economics

• Marketing

• Entrepreneurship

Multiple Choice

A ____ economy is one that blends elements of the command system and the market system.

• market

• mixed

• command

Multiple Choice

In a _____ economy, the government controls the production, allocation, and prices of goods and services.

• market

• mixed

• command

Multiple Choice

In a _____ economy, suppliers and consumers control the production, allocation, and prices of goods and services.

• Market

• Mixed

• Command