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