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Economics

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Dustin Marks

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2y ago
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Cards in this guide (15)
Which heading best completes the partial outline

secular constitution adopter

Traditional economy coutries

What type of Government is in control in a traditional,command and market economy?

Who controls the resources?

Distribution of goods and services?

Controls productions?

What are the negative affects on society?

Benefits to society for each form of economy?

The economy of the US is best described as

The United States economy is still best described as a mixed economy. It is considered thus because it involves the public, private, and international sector.

What is the opportunity cost of buying a new car

Anything that is not the car can be an oppertunity cost. for an instants an ipod or a house can be the oppertunity cost. the definiton of oppertunity cost is the value of the next best akternative given up when a choice a made.

What statement best describes the New Real Estate Industry

Flat.

What is the difference between market economy and mixed economy

The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy

What would be the opportunity cost of a new 500 federal stimulus plan

the opportunity cost would that it will put the government in big defected in order to provide temporarat relief to business and institutions and envirment so on.

What kind of economy is one in which individuals and businesses make most economic decisions

Market.

When will a cost benefit analysis be done

when will a cost benefit analysis be done

What is the meaning of opportunity lost

In the economical term opportunity cost means the best next alternative forgone

societies make decisions about how to produce certain goods by

considering whether companies or the government should make the goods.

What is a major similarity between economic wants and economic needs

People try to fulfill both with limited resources.

which statement best describes the economic concept of scarcity

People have unlimited wants and limited resources to fulfill them.

Which situation would reduce the scarcity of a product

A foreign country begins exporting the product in high volume.

Which description is the best example of human capital

A doctor with expertise in medicine

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