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