Economy practice

The worldwide exchange of goods and services is called -

• Global interdependence

• Socialism

• History

• Push factors

Sam's and Costco are both examples of

• retail

• wholesale

• Walmart

• the mall

Factors of production include land, labor, entrepreneurs and

• communist economy

• push factors

• pull factors

• capital

In which economy does Supply and Demand play a key role?

• Free enterprise economy

• Socialist economy

• Communist economy

• All of them

What is an entrepreneur?

• One with an idea and starts a business

• One who works for a business

• One who provides the capital. $$

• A figure in history.

My taxes may go up 40% to pay for free healthcare for everyone.

• Communist economy

• Free enterprise economy

• Socialist Economy

The government owns the large airline but he people own the smaller businesses.

• Free Enterprise economy

• Socialist economy

• Communist economy

An economy where the government has very LITTLE involvement is a -

• Communist economy

• Free Enterprise economy

• Socialist economy

High TAXES are usually part of a

• Free Enterprise economy

• Socialist economy

• Communist economy

Which economy is called a MIX of two different ones?

• Free Enterprise economy

• Communist economy

• Socialist economy