What is Laissez- Faire, Free Market Enterprise, or Market Economy
100
What is another name for Mixed Economy?
What is Dual Economy
100
What are the three economic questions?
What is what to produce? How much to produce? and For whom to produce?
200
Japan utilizes which economic system?
What is Capitalist
200
Which two Caribbean countries uses the Command Economy system?
What is Cuba and Guyana
200
Which North American country uses the Capitalist Economy system?
What is U.S.A.
200
In a Capitalist Economy who answers the economic Questions?
What is majority by private individuals and a minority by the government.
300
Cuba uses what type of economic system?
What is Command
300
________ owns all the means of production in the Command Economy?
Who is the Government
300
Why do government need to provide some services in a Capitalist Economy?
What is Private individuals or businesses will not provide because it is not profitable
300
Role of government in a Mixed Economy?
What is Provide essential services such as health care, education and roads
300
In a command Economy who answers the economic questions?
What is the Government and Government planners
400
What is the fifth largest petroleum exporting country in the world?
What is Venezuela?
400
What is the major advantage of a Command Economy?
What is equal distribution of wealth and income
400
One role of the government in the Capitalist Economy?
What is issue of money, collect taxes, provide essential services
400
Which North American Country uses the Mixed Economy System?
What is Cananda
400
In a mixed economy who answers the economic questions?
What is a combination of both the private and public sector.
500
Five Caribbean countries that uses Mixed Economy system?
What is Belize, Jamaica, Barbados, St. Kitts, Trinidad and Tobago
500
The occasional supply of food by the government in Cuba is called________.
What is Ration
500
A key disadvantage of the Capitalist Economy is _______.
What is unequal distribution of wealth and income.
500
Differentiate between private and public sector
What is private sector is the businesses and individuals that has no affiliation with the government and public is directly related to the state or government.
500
Define economic system.
What is a system that determines the allocation of production and distribution of goods and services in a country.