Which TWO economies have competition between businesses?

The key factor in determining the type of economy a country has is the extent of ___________ involvement.

Which type of economy is the most common?

The image represents a member of which type of economy?

The 3 basic questions of economics are

In a mixed economy, government makes decisions for the

Consumers determine through their purchases which goods and services producers will produce.

The United States has a _____________ economy.

Rivalry between producers/sellers of goods or services which results in better quality goods and lower prices.

Which economy is characterized by a lack of consumer choice? (The government is the decision maker)

Choose the two characteristics of the U.S. economy.

Which economy is described as individuals/consumers as the decision makers and minimal/little government involvement?

People perform the same type of work as their parents or grandparents, regardless of ability or potential.

Which TWO modern day economies have some degree of government involvement in the economy?