economics

What type of economic system is controlled by the government

• traditional

• mixed

• command

• Market

What questions do all economic systems need to answer?

• what to produce?

• for whom to produce?

• how to produce?

• when to produce?

• why to produce?

what is the rate at which people can write and read who are over the age of 15.

• human capital

• entrepenuar

• literacy rate

• capital goods

What does GDP stand for?

• great dame player

• great domestic product

• grand domestic product

• gross domestic product

What is gross domestic product?

• The amount of money a country makes from products in a year

• A great product

• The amount of money a country makes in a year.

• The products a country makes in a year.

What is Human capital

• capitalized humans

• money made by people

• Human workforce/labor

• Money people

Is a traditional economy controlled by the government

• No

• Yes

What is a command economy controlled by?

• government

• supply and demand

• ancestry

• both government and supply and demand

what is the standard of living?

• The things people want to live

• what people need for a house

• What people need to live

• what people can do for a living.

what are capital goods

• The items need to perform services

• The items needed to do good on this quizzes which name is capitalized

• The items needed to create goods and services.

• none is correct.