Economics Practice Questions - Page 1564

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• most economies today are ____________ economies\nmixed\ncommand\nmarket\ntraditional

• a market - based economy in which the government plays a role\nmixed economy\ncommand economy\ntradi...

• an economic system in which the government makes the economic decisions\ntraditional economy\ncomman...

• an economic system in which the people make the economic decisions\ntraditional economy\nmarket econ...

• an economic system in which habits, customs, and religion are the reasons for making economic decisi...

• ____ is the study of how people figure out ways to get the things they need and want by making choic...

• are examples of capital\n\no tools\n\no machines\n\no factories\n\no all of the above

• includes crops, mineral deposits, and water\nlabor\nmoney\nland\ncapital

• the state of having a limited number of resources to produce the things that people want and need is...

• a doctor is an example of which factor of production?\nland\nlabor\ncapital\nentrepreneurship

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