Government. Spring Exam Review.

List three economic choices all societies must face:

What is an example behavior to positively impact your credit score?

What is the struggle among producers for the dollars of consumers?

Earning interest on previously earned interest plus the principal amount is known as

This term describes the blueprint of how the government will raise and spend money

The goal of this economic system is to allow business to function and compete for profit that is free from government authority

What economic system is based upon competition and consumer choice?

In a ____, most economic decisions are made by individuals looking out for their own interests.

This occurs when we lack the resources to produce the things we want

A tactic used by the government in a mixed economy to protect consumers from high prices is known as