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advantages in economics
True or false
disadvantages in economics
supply and demand
other
100
What is a Advantage in traditional economy
what is Maintain beliefs (simple,everyone is equal)
100
True or false?The four economic systems are mixed,command,traditional,and target
What is false?
100
What is a disadvantage in market?
What is labor can be exploited(Can lead to higher prices,many poor and few wealthy people)
100
what is demand goes down does the price go up or down
what is price goes down
100
when one thing is given up to buy another
what is opportunity cost
200
What is a advantage of command
what is everyone is equal(no competition,very low crime)
200
What does unproductive workers go to?
what is mixed economy
200
if price goes up what goes dow
what is supply goes down
200
What is an example of services that are provided to consumer?
what is hair stylist?(teacher,dog groomer,or dentist)
300
What is a advantage of mixed economy
what is promotes competition(freedom to make decisions,Consumers have a lot of choices)
300
True or false?The four economic systems are mixed,command,traditional,and target
What is false?
300
What is a disadvantage in traditional?
what is can't always find what you want (not alot of high technlogy)
300
if your demand goes up and your price goes up whats the opposite in supply?
what is supply go down and price go up?
300
What is a example of a want and how people satisfy that want
what is (they can say any example that they put on the study guide for number 11)
400
what is an advantage in market?
what is promotes competition(freedom to make decisions,Consumers have a lot of choices)
400
True or false?The three things that can lead to an increase in productivity of an item i new knowledge,tools,and technology
what is True
400
what does "not alot of high technology" go to?
what is traditional
400
you have demand going up and supply going down then what is the price for both?
what is price going down and and price going up?
400
What are the different categories of productive resources?
human resources,capital goods,natural resources,entrepreunership
500
what is traditional economy?
what is traditional economy?
500
true or false?the three basic things we need is cothing,shelter,and thirst
what is false
500
what does "everyone is paid the same" a disadvantage to
what is command
500
your supply just went down a lot?where does your price go?what is price goes up
what is price goes up
500
what are the three renewable resources
tree,soil,water