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