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☆☆☆☆☆Cards in this guide (9)
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
What best describes a player's role in any game A ways he or she scores points B number of turns he or she gets C A set of actions expected of the player D his or her character's name
A player's role is to cooperate with other players and to perform the role that is expected of him or her. This does not matter what kind of game or how many players are present. The role and expectations remain the same.
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.
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