| A | B |
|---|
| Under communism, workers fail to increase production because they lack an | incentive |
| Households purchase goods and services in the __________ market. | product |
| Government makes limited intervention under free | enterprise |
| An economy controlled by the government is ____________ planned. | centrally |
| The philosophy advocating equal distribution of wealth is | socialism |
| A developing nation switching from government to individual ownership of industry is in | transition |
| In the factor market, the government acquires land and capital from | households |
| The power of individuals to decide what gets produced is _______________sovereignty. | consumer |
| Income people receive for supplying land, labor, or capital is called factor | payments |
