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Fiscal Policy Practice Test Questions
Multiple Choice Questions. I. The Nature and Purpose of Financial Management. 1. Which of the following is ... 3 Economic growth. 4 Balancing the government budget. A 1 and 2 only. B 1 and 3 only. C 1, 2 and 3 only. ... 2 A key role of the stock market is to determine a fair price for the assets traded. A Statement 1: True Statement 2: False ...
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[DOCX File]Brimley Area Schools / Overview
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Define and explain economic interdependence. What are some characteristics of a command economy? Why can it be said that the U.S. has a mixed economy? In a market, command and traditional economy, how are the Three Questions answered? What are the four roles of government in an economy, and examples of each (2.3).
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[DOC File]ANSWER KEY
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They answer the 3 key economic questions of what to produce, how to produce it, and who consumes that which is produced. Advantages(pg 32): 1. Economic efficiency 2. Economic freedom 3. Economic growth 4. Offer a wider variety of goods and services than any other system, because producers have incentives to meet consumers’ desires. Consumers ...
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[DOC File]Section 1: Answering the 3 Economic Questions
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Locate information about how each economic system answers the 3 basic economic questions: TRADTIONAL. SYSTEM COMMAND. SYSTEM MARKET . SYSTEM WHAT TO PRODUCE? By custom – whatever. was produced in the past The government decides what should be produced. The government owns most of the means of production. Consumer choices dictate the success of
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[DOC File]Three Key Economic Questions and Three Types of Economies
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3. Fill in this table showing the advantages and disadvantages of a market economy. Advantages Disadvantages Fill in this table showing the advantages and disadvantages of a command economy. Advantages Disadvantages 4. Which economists are associated with each of these economic systems? 5. Why do most countries have a mixed economy?
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[DOC File]KEY ECONOMIC QUESTIONS
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3 economic questions answered based on importance attached to various economic goals. Economic Efficiency– providing the goods and services that will be most used. Economic Freedom – the amount of control the government has over individuals. Economic Security & Predictability
three key economic question

[DOC File]Study guide for Economics Unit I test
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Practice FP questions for the test. Please refer to the following chart to answer question number 1. Federal Reserve Tools Fiscal Policy Tools Discount rate taxing Reserve Requirement spending borrowing One tool is missing from the Federal Reserve’s list of tools.
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Three Basic Economic Questions - Business Economics for Entrepre…
Unit 1 Lesson 3 Three Key Economic Questions and Three Types of Economies. Question 1: _____? How much of our resources should we devote to national defense, public health, and welfare or consumer goods: guns vs. butter.
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[DOC File]Economic Systems Unit Plan.doc.docx
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Compare the economic growth of today’s LDCs before and after World War II. Answer: LDC economic growth was much more rapid after World War II than before. Estimates indicate that India’s real growth in per-capita income, 1900-1947, was only about 0.2 percent yearly compared to 1.9 percent annually, 1950-1992. See also pp. 79-86.
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[DOC File]Chapter ending questions:
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*A short written analysis of how the economy seeks to address the three key economic questions *A listing of positive aspects of the economy *A listing of negative aspects of the economy *Examples of nations that currently (or in the past) used this economic system *Graphics that illustrate the information presented on the poster.
what are the three economic questions

3 key economic questions