Which one is NOT a factor of production in an economy?

Which is NOT a land resource?

Which of these is an example of a capital resource?

True or false: Economies with well-trained labor have an advantage over other nations in attracting business.

refers to the skills of people who are willing to invest their time and money to run a business.

What forces nations to make economic choices?

Which of these is NOT a broad category of the economy?

What category of the economy is what is used in almost all countries in the world today?

Which category of economy is focused on rituals and traditions that answers the questions: for what, for who, and how.

True or false: in a market economy, the government has control of all factors of production

An example of a command economy is:

True or false: You must classify an economy by how much a government interferes with the free market

The means of production of goods and services are privately owned and operated for a profit

The means of producing goods and services are under public ownership

& The state will generally control noncompetitive companies like transportation & banking!

Is an economic system where the government commands the economy and there is NO private ownership.  

Which one of these below is an example of country that has a communist economy?

True or False: A PRO of capitalism is that it allows for more innovation in all business areas because of competition

True or False: a con of capitalism is that workers can be taken advantage of

What is an example of a benefit to socialism?