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4 Written questions

3 Multiple choice questions

  1. any setting where buyers and sellers exchange goods, services, resources, and currencies
  2. the direct trading of goods and services between people without the use of money
  3. the ration of output (goods and services) produced per unit of input (productive resources) over a period of time

3 True/False questions

  1. competitionrefers to all relatively permanent improvements made to land and money and investments

          

  2. Trade/exchangetwo or more business owners

          

  3. capitalthe direct trading of goods and services between people without the use of money

          

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