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There are both monetary and non-monetary considerations that must be taken into account Individuals consider the benefits to themselves and the costs to others It is more important to calculate costs accurately than to calculate benefits accurately The future matters more than the past when determining which costs and benefits count the most, There are both monetary and non-monetary considerations that must be taken into account, Which of the following statements accurately describes how costs and benefits are calculated? Search. Property rights allow consumers and producers to make free choices Competition cannot exist if some own property and others do not The government cannot plan an efficient economy without passing laws Market forces only work when everyone owns some property, Property rights allow consumers and producers to make free choices, In a command economy, who tells producers what and how much to produce? ... May you please send … (12 points) Allocation Resources get distributed to use them for satisfying human needs Consumption use of goods and services Efficiency Minimizing waste Production to put resources … Ch. A built-in process of growth A tendency toward equality Only two kinds of players A circular flow of influences, Match the descriptions of different economic systems with their correct name An economic system run by the government -mixed economy An economic system that uses both free-market and command principles – planned economy An economic system where decisions are made by the producers and consumers – free-market economy, An economic system run by the government = planned economy An economic system that uses both free-market and command principles = mixed economy An economic system where decisions are made by the producers and consumers = free-market economy, Which economic indicator can show whether a country’s economy is growing or stagnating? 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