Free Enterprise and Economic Indicators I

_________________ __________________

change before the economy and can be used to predict turning points in the business cycle

• Leading indicators

• Lagging indicators

• Coincident indicators

_________________ __________________

 

Change after the economy has changed, usually by a few quarters of a year

• Leading indicators

• Lagging indicators

• Coincident indicators

_________________ __________________

  

Change at the same time as the economy, providing a real-time snapshot of the current economic situation

• Leading indicators

• Lagging indicators

• Coincident indicators

Which country does NOT operate under a market mixed economy?

• Spain

• Mexico

• North Korea

• Germany

Which of the following is a PRO of free enterprise?

• Prioritizes consumer demand and preferences 

• May restrict where goods are distributed to 

• May result in greater market crashes due to no bailouts 

Which of the following is NOT a factor of production?

• Labor

• Taxes

• Capital

• Land