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[DOC File]Study guide for Economics Unit I test
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Ch. 13 – Economic Performance. Ch. 14 – Economic Stability. Ch. 15 – The Fed and Monetary Policy. Unit Test. Unit I Exam Study Guide . Directions: This is . NOT. an assignment you need to turn in. This is provided to help you prepare for the Unit 1 exam. I. Terms to know:
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[DOC File]Economic Systems
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Economic growth is a sustained rise in a nation’s production of goods and services. Economic growth is measured by real Gross Domestic Product (GDP). Real GDP per capita is the measure most often used to measure standard of living. Real GDP per capita is calculated by …
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[DOC File]Comparative Systems Worksheet - LizardFoust
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Summarize from Economic Overview Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade and budget deficits, and stagnation of family income in the lower economic groups.
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[DOC File]DOT - QX
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an economic system, which is based on what has been done in the past. Command Economy: an economic system in which the government usually decides what to produce, how to produce it, and who will consume it. Mixed Economy: an economic system in which is combination of the different economic systems. Background. Everyone has economic needs and wants.
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[DOC File]Name
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This type of system is also called a market economy. There is little change in this type of system. This type of system allows a great deal of freedom for everyone involved. These items are goals for some economic systems. For each one, check whether you agree or disagree that it is a goal of our economic system.
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[DOC File]Economic Vocabulary - Effingham County Schools / Overview
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Economic Vocabulary Review Worksheet. Write the vocabulary word that matches each definition below. market economy- system where decisions concerning the three basic economic questions are guided by changes in prices that occur between individual buyers and sellers in the marketplace. . . also called free enterprise, capitalism, and laissez-faire
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[DOC File]Comparison of Economic Systems
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In _____ economic system the _____ has total control over the economy. Command economies are characteristic of nations that embrace the political ideology of _____. Critics of command economies claim that _____ workers are rewarded because everyone is treated the same. ...
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[DOC File]ANSWER KEY
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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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Economic system worksheet pdf