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