answersLogoWhite

0

Economics

User Avatar

Brenden McClure

Lvl 10
3y ago
No Reviews
Leave the first rating

Rate this Study Guide:

Cards in this guide (8)
Why does the free-market system follow a circular flow model

consumers

The free choices made by consumers and producers influence each other.

What cannot be done by the government in a command economy

deciding what goods consumers buy

Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following

A circular flow of influences

Which economic indicator can show whether a country's economy is growing or stagnating

The GDP is neither growing nor shrinking. APEX ;]
Gross Domestic Product

A mixed economy is a combination of which of the following economic systems

Free-market and command

Which of the following is not an economic goal that influence how societies answer the three key economic q uestions

victory

In economics which player has the role of providing goods and services

Consumers

Which best explains how budgeting helps consumers reach their financial goals

Budgets allow consumers to control how much money they have going out for expenses.

Related study guides