Cards in this guide (16)
Which of the following actions best meets the goal of security
Wearing a seatbelt while riding in a car.
The government does which of the following in a planned economy
Which of the following is another term for a free-market system
Capitalism
capitalism
Another name for free market system would be called second market. This is a non- profit market.
According to the circular flow model which of the following do producers provide to consumers
Why does the government pass theft coercion and fraud laws in a free market system
To protect freedom of choice is the reason why in a free-market
society the government passes laws against theft coercion and
fraud.
Which of the following is not an economic goal
Which of the following best explains why property rights are necessary in a free-market system
Property rights allow consumers and producers to make free
choices
Which of the following economic systems leaves production decisions competely up the producers
Must What must an activity have in order to be considered a game
A set of rules
One or more players
Best explains what makes allocation decisions necessary
There are never enough goods and services to satisfy wants and
needs
Which of the following best explains why the game of economics does not have a signal goal
What results from the fact that free market system is based on the free choices of consumers and producers
The free-market system has a circular flow of influence.
Which word best completes the following sentence a players role in his or her in the game
Why are rules protecting private property some of the most important rules in the free-market system.
Rules for protecting private property is important because land
is one of the mostly costly items to have around the world.
Which of the following best explains what market forces are
the properties of a free-market system that determine what the
outcomes will be
In a command economy the government does not do which of the following
decides how much consumers buy
