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