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100
Most important concept in economics is?
What is scarcity
100
Demand depends on?
What is price?
100
Markets cannot efficiently trade?
What is national defense?
100
In a command economy the ______ controls the means of production?
What is the government?
100
Corporations are a type of?
What is institution?
200
Cost and benefits can be?
What is financial, social and environmental?
200
Your options are your?
What is choices?
200
How many basic economic systems are there?
What is three?
200
Capitalism is a type of market economy not based on?
What is government control?
200
Federal Reserve is concerned with?
What is monetary policy?
300
Economics is concerned with the production, distribution and consumption of?
What is goods and services?
300
Economies face how many basic choices?
What is four?
300
In the U.S. our government does not control?
What is market price?
300
Rural regions of less developed countries often have what kind of economic system?
What is traditional economic system?
300
How many members are on the Board of Governmors for Federal Reserve?
What is seven?
400
Value of goods and services is?
What is preferences?
400
We must make choices because we have?
What is limited resources?
400
What economy requires a state that interferes with people personal lives?
What is command?
400
In market socialism individual's control?
What is stores, farms and factories?
400
Both state and federal governments charge?
What is excise and/or luxary taxes?
500
To determine the most profictable combination of price and quantity economists use?
What is marginal analysis?
500
Sometimes scarcity is caused by?
What is growing seasons?
500
In socialism, government owns?
What is major industries?
500
In a market economy, resources are allocated by?
What is price?
500
Who collects social security and estate and gift taxes?
What is the Internal Revenue Service?