Cards in this guide (7)
What type of economic and political system exists where all resources and production are owned collectively by all
Socialism
socialism(Kaylop)
Which of these is the key to the creation of a demand for a product
There is very little business activity and high unemployment during which of these
The growth of technology has had little effect on the amount of goods and services produced in other countries
What term indicates the exchange of goods and services within a single country
The exchange of goods and services within a single country is
called domestic trade.
What has been the result of the United states buying so many goods from other countries
Increased unemployment in the United States
The basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit.