Unit 3-1

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1 point

What is an economic system where command and market are combined?

traditional economy

command economy

mixed economy

market economy

1 point

the amount available of something

free enterprise

mixed economy

supply

demand

1 point

a limited supply of something

scarcity

traditional

entrepreneurship

mosque

1 point

Which of the following is not one of the three economic questions?

what to produce

for whom to produce

when to produce

how to produce

1 point

an economic system where the government is in control

command economy

market economy

traditional economy

mixed economoy

1 point

an economic system build on past traditions

mixed economy

command economy

traditional economy

market economy

1 point

an economic system where buyers and sellers are in control

command economy

traditional economy

mixed economy

market economy

1 point

What does an economic system do?

spend money

create the euro

have meeting at the EU

produce and distribute goods and services

1 point

the want for something

development

support

supply

demand

10.

1 point

What does supply and demand determine?

the cost or price of something

where to buy something

the type of currency to use

the color of something

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