6 Flashcards
1
Q
Natural resources
A
Soil trees oil
2
Q
Labor resources
A
Workers ability workers knowledge
3
Q
Capital resources
A
Trucks trains
4
Q
Important economic questions
A
Whom will use them
How will they be produced
What goods and services will be produced
5
Q
Traditional economy
A
Dishes decisions of what how and who custom or habit
6
Q
Market Economy
A
Economic system in which government makes major economic decisions
7
Q
Mixed market economy
A
Market economy that has elements of command and tradition.
USA
8
Q
What are the right protected by the fifth amendment
A
It’s up accused can’t be forced to be witness self-incrimination
