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☆☆☆☆☆Cards in this guide (7)
What is the potential costs of scarcity and choice
Describe the potential costs of both scarcity and choice.
Where is the US mixed economy on the economic spectrum
in the middle, but close to the capitalism.
Which type of economy has a socialistic view of society
traditional
What is studied in the field of economic history
historical perspective of economic treds
Which of these describes the far right of the economic spectrum
the government has no direct influence
In a socialist economy how are the basic problems of scarcity and allocation of limited resources addressed
By production for use or need.
“ What is the difference between a pure market economy and a mixed-market economy “
In a mixed-market econom, the government imposes regulations on the production of goods and services.
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