Economic Systems

3. ______ will consume the goods/services? (Part of the 3 basic economic questions.)
8. the plan countries have on how to use limited resources
9. Most countries have a combination of market and command economies, so we call them what?
10. In this economy, the government makes all economic decisions.
12. This is another word for a market economy.
13. In this economy, jobs are determined by customs and traditions of the past.
14. In this economy, the government has NO control over any of the decisions.

1. ______ will goods/services be produced? (Part of the 3 basic economic questions.)
2. This is another word for a command economy.
4. Because countries can't produce all of the goods/services they need, they must ____________ in what they do best.
5. ______ goods/services will be produced? (Part of the 3 basic economic questions.)
6. How many basic economic questions are there?
7. the limited supply of something
11. Trading without using money.