Ryan King
- Created by: rebeccalittle
- Created on: 17-05-18 14:16
Other questions in this quiz
2. What is a command economy
- is a system when the parents determines what goods should be produced
- is a system when the government determines what goods should be produced
- is a system when the employees determines what goods should be produced
- is a system when the free market determines what goods should be produced
3. a merit good is
- a commodity or a service, such as education, that is regarded by society or government as deserving public finance
- provided to all members of society by the government, such as parks and roads
- provided to high earners only
4. business cycle stages are
- series or cycle of economy contraction
- series or cycle of economy expansion and contraction
- series or cycle of economy expansion
- series or cycle of bankruptcy
5. What is a market
- a shop
- Where you can buy and trade
- a farmers market
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