1. Country X allows market forces to guide its economy. However, it does regulate some transactions and has set a minimum wage for workers. What kind of economy does this country have? A. Centralized. B. Command. C. Market. D. Mixed. E. Private. 2. Which of the following economic models is designed to illustrate trade-offs and production that is efficient, is impossible, or fails to use all available resources? A. Circular flow diagram. B. Supply curve. C. Demand curve. D. Marginal cost curve. E. Production possibility curve. 3. Use the graph attached to answer the prompt. The market in the graph could consume at point B with ______ but would need _______ in order to produce there. A. Trade; economic growth. B. More supply; more demand. C. Government intervention; alternative inputs. D. Inputs; outputs. E. Economic growth; trade.