8th Gr Econ Part III

Front

In this economic system, the people answer the 3 economic questions: Command, Mixed, Market

Back

Market

Front

An economy is this depending on how much the government interferes with the free market.

Back

Mixed

Front

In our free enterprise system, we have the freedom to own land, natural resources, and businesses.

Back

True

Front

A cheeseburger is a...

Back

good

Front

Oil is a...

Back

natural resource

Front

Which of the following is NOT one of the 3 economic questions? Options: WHAT to produce?, HOW to produce?, WHERE to produce?, for WHOM to produce?

Back

WHERE to produce?

Front

Your tax dollars are NOT used for public goods, such as schools and police

Back

False

Front

Unlimited wants and needs, but limited resources.

Back

Scarcity

Front

A factory building is a...

Back

capital resource