1.06 - Different Ways To Play

Which kind of economic system does a capitalist country have?

What is the role of consumers and producers in a free-market system?

According to the circular-flow model, with is most directly provided by producers?

Which best explains how a free-market system has a circular flow of influences?

Which best explains why competition is an important part of a free-market system?

Why are rules protecting private property some of the most important rules in a free-market system?

Which best explains why the profit motive often leads to efficiency and innovation?

Which describes the system in a mixed economy?

In a command economy, who makes production decisions?

Which is not the job of the government in a command economy?

Which kind of economic system does a socialist country have?

Which economic system leaves production decisions completely up to the producers?

According to the circular-flow model, which is something consumers do that influences producers?

Which results from the fact that a free-market system is based on the free choices of consumers and producers?

Which is the reason why, in a free-market society, the government passes laws against theft, coercion, and fraud?

Which best explains why property rights are necessary in a free-market system?

Which best explains market forces?

Which describes the system in a free-market economy?

In a command economy, who tells producers what and how much to produce?

Which is not the job of the government in a free-market system?