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Chapter 3: Political & Economic Analysis

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
show economy  
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all things used in producing goods and services   show
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show factors of production  
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show infrastructure  
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skills of people willing to invest time & money to run a business   show
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show scarcity  
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show traditional economy  
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show market economy  
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show command economy  
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show land  
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all people who work   show
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show capital  
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output per worker hour measured over a period of time   show
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output of goods & services produced in a country in a year   show
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show GNP (Gross National Product)  
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rising prices   show
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show CPI (Consumer Price Index)  
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show PPI (Producer Price Index)  
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show business cycle  
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show expansion  
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period of economic slow-down that lasts at least 6 months   show
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show depression  
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show recovery  
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show 3 basic economic questions  
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