(See related pages)
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1. Define market economy. |
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2. Compare and contrast socialism with capitalism. |
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3. Describe how businesses, households, and government interact in a market economy. |
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4. Summarize briefly the advantages and disadvantages of various types of businesses. |
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5. Explain why, even though households have the ultimate power, much of the economic decision making is done by business and government. |
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6. State six roles of government. |
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7. Explain why global policy issues differ from national policy issues. |