Which type of economy features a direct exchange of goods or services without the use of money?
gift economy
barter economy
market economy
planned economy
Competition and limited government influence are features of which economic system?
gift economies
barter economies
market economies
planned economies
Laissez-faire literally means ________________________ in French.
less freedom
let do
equality and fairness
no fear
Socialist economies are examples of which type of economic system?
gift economies
barter economies
market economies
planned economies
What would happen in a capitalist economy if people stopped buying goods and services?
The capitalist economy would collapse.
The capitalist economy would become a gift economy.
Resources would be evenly re-distributed.
The profits of the wealthy would increase.
Anti-trust laws break help prevent _________________________.
high profits
inflation
fraudulent contracts
monopolies
Which of the following does NOT contribute to the economy?
Purchasing digital music using a credit card
Working a part-time job
Eating apples from your own apple tree.
Selling used items in a yard sale
Different parts of the economy are connected to each other, and problems in one area can cause problems in other areas
True
False
Taxes levied on imports and exports are called ___________________.
global taxes
tarrifs
capital
international usage taxes
Most Americans do not own any items imported from other countries.
True
False