A) Large scale manufacturing B) Subsistence agriculture C) The barter system D) Hunting and gathering
A) Working in an industrialized cities B) Serving in government assemblies C) Establishing a mercantile system of trade D) Having the same occupation as their parents
A) Wholesalers of agricultural goods make most of the decisions B) Supply and demand are determined by consumers of foodstuffs C) Manufacturers of industrial goods control the resources D) Officials of the government control all aspects of economic activity
A) Mixed, Command, Free Enterprise B) Free Enterprise, Mixed, Command C) Command, Mixed, Free Enterprise D) Free Enterprise, Command, Mixed
A) The organization of workers’ unions in industrialized nations B) The restoration of a bartering system in developing countries C) The government ownership, control and regulation of property D) The privatization of business and production of goods and services
A) Prices are fixed by agreements among business leaders and labor unions B) All industries except smaller businesses are controlled by the government C) The government sets the prices of products and the quantity of goods D) Prices change according to changes in the supply and demand for products
A) Resources are allocated by government decisions B) There is a high rate of unemployment C) Prices are set by consumers D) A variety of economic incentives encourage business growth
A) They allow the laws of supply and demand to control the economy B) They determine the type and quantity of goods to be produced through Five Year Plans C) Trade policies mandated that imports exceed exports D) The success of the agricultural sector controls the manufacturer's goods
A) Communist B) Free Enterprise C) Traditional D) Socialist
A) Farmers B) Consumers C) Bankers D) Government officials |