different economies review

1. what should be produced

2. how it should be produced

3. who will buy it

these are the…

• 3 questions to consider when picking a type of government
• 3 economic questions
• 3 questions to life
• these are not questions to consider for anything

the department of education is an example of…

• a department that received federal funding to provide for society
• a private company that provides a service for Americans
• a service to ensure equality
• a private company to ensure equality

Karl Marx wrote which book:

• the Communist Manifesto
• the Wealth of Nations
• War and Peace
• the Declaration of Independence

Adam Smith write which book:

• the Communist Manifesto
• the Wealth of Nations
• the 95 Theses
• the Spirit of the Law

fiscal policy is concerned with…

• taxes
• actual money
• public health
• infrastruture

monetary policy is concerned with…

• taxes
• actual money
• public safety
• education

which regime exercises the most control over the economy?

• democratic
• anarchist
• authoritarian
• representative democracy

1. the right to save/spend/invest

2. the right to purchase property

3. the right to choose/change jobs

4. the ability to earn money

which is the 5th economic freedom?

• overthrow the government
• impeach and remove the president
• vote for a new economic system
• the right to start a business

a traditional economy is…

• based on historical precedent
• a combination of 2 types of economies

• an economy with absolutely 0 government interference
• an economy with strict government regulation

a mixed economy is…

• based on historical precedent
• a combination of 2 types of economies

• an economy with absolutely 0 government interference
• an economy with strict government regulation