Write down the key terms that match the following definitions.

: a system where the government tells producers what and how to

: an economic system run by the government.

: a system aimed at equality of wealth among its members.

: an idea about how something should be organized.

: the lowest hourly wage that can legally be paid to an employee.

: a system that follows both free-market and command principles.

Command Economy: A system where the government tells producers what and how to .

Planned Economy: An economic system run by the government.  

Socialist Regime: A system aimed at equality of wealth among its members.

Theory: An idea about how something should be organized.

Minimum Wage: The lowest hourly wage that can legally be paid to an employee.

Mixed Economy: A system that follows both free-market and command principles.

"choosing is refusing" means individuals face an opportunity cost with each decision they make. economists state that every decision involves trade-offs. opportunity cost is the least desirable alternative given up as a result of a decision.

the answer is solomon northrup. he was a free-born african american, abolitionist and professional violinist that was drugged, kidnapped and sold as slave in 1841 and remained in captivity until 1853 where he regained his freedom with the of the then-governor of new york, washington hunt. he wrote and published his memoirs "twelve years a slave" in 1853, and in this text, he tells the story of his escape thru one of louisiana's swamps (the great pacoudrie swamp) in which he ended up covered in green slime from crossing the surface of the dead water.