A) Subsistence agriculture B) The barter system C) Large scale manufacturing D) Hunting and gathering
A) Serving in government assemblies B) Working in an industrialized cities C) Establishing a mercantile system of trade D) Having the same occupation as their parents
A) Manufacturers of industrial goods control the resources B) Supply and demand are determined by consumers of foodstuffs C) Officials of the government control all aspects of economic activity D) Wholesalers of agricultural goods make most of the decisions
A) Mixed, Command, Free Enterprise B) Command, Mixed, Free Enterprise C) Free Enterprise, Command, Mixed D) Free Enterprise, Mixed, Command
A) The privatization of business and production of goods and services B) The restoration of a bartering system in developing countries C) The government ownership, control and regulation of property D) The organization of workers’ unions in industrialized nations
A) All industries except smaller businesses are controlled by the government B) Prices change according to changes in the supply and demand for products 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) 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) Socialist D) Free Enterprise
A) Government officials B) Farmers C) Consumers D) Bankers |