What is the difference between standard of living and quality of life? What is risk, and how is it related to profit?
What is the difference between standard of living
and quality of life?
What is risk, and how is it related to profit?
What do the terms stakeholders, outsourcing, and
insourcing mean?
What are some of the advantages of working for
others?
What benefits do you lose by being an
entrepreneur, and what do you gain?
What are the five factors of production? Which
ones seem to be the most important for creating
wealth?
What are four ways the government can foster
entrepreneurship?
What is the difference between effectiveness,
efficiency, and productivity?
What is empowerment?
What are some of the major issues affecting the
economy today?
What major factor caused people to move from
farming to manufacturing and from manufacturing
to the service sector?
What does the future look like for tomorrow’s
college graduates?
What is the difference between
and
What is better for an economy than teaching a
man to fish?
What does Adam Smith’s term invisible hand
mean? How does the invisible hand create wealth
for a country?
What are the four basic rights that people have
under free-market capitalism?
How do businesspeople know what to produce
and in what quantity?
How are prices determined?
What are the four degrees of competition, and
what are some examples of each?
What is the difference between macroeconomics
and microeconomics?
What is better for an economy than teaching a
man to fish?
What does Adam Smith’s term invisible hand
mean? How does the invisible hand create wealth
for a country?
What are the four basic rights that people have
under free-market capitalism?
How do businesspeople know what to produce
and in what quantity?
How are prices determined?
What are the four degrees of competition, and
what are some examples of each?
In economies, the market largely determines
goods and services get produced, who gets them, and how the economy grows.
- free-market
- command
- communist
- socialist
- What led to the emergence of socialism?What are the benefits and drawbacks of socialism?
What countries still practice communism?
What are the characteristics of a mixed economy?
Name the three economic indicators and describe
how well the United States is doing based on each
indicator.
What is the difference between a recession and a
depression?
How does the government manage the economy
using fiscal policy?
What does the term
organization is responsible for monetary policy?
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