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Stack #3401145
| Question | Answer |
|---|---|
| Economic decisions are made primarily by the government in which economic system? | Command economy |
| Economic decisions are made based on customs and habits in which economic system? | Traditional economy |
| Economic decisions are made by a combination of consumers and producers | Market economy |
| The exchange of goods and services without the use of money | Bartering |
| Money left over after all business expenses are paid | Profit |
| An individual who owns a business | Entrepreneur |
| When just enough crops are planted to feed a family | Subsistence Farming |
| What are the three economic questions all countries must answer? | What to produce? How to produce it? For whom to produce it? |
| What is literacy? | The ability to read and write. |
| What is literacy rate? | The percentage of people in a country who can read and write. |