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5 Written questions

5 Multiple choice questions

  1. Those things which make our lives more comfortable but are not needed for survival
  2. system by which goods and services are produced and distributed to meet people's needs
  3. we rely on others, and others rely on us, to provide the goods and services that we consume
  4. arrangement for deferred payment for goods and services
  5. the activity of transporting and selling goods to a store or a consumer

5 True/False questions

  1. taxesrequired payments to government

          

  2. debtarrangement for deferred payment for goods and services

          

  3. basic needsIntangible products such as education, health care, insurance, recreation, and travel and tourism

          

  4. tariffrequired payments to government

          

  5. economicssystem by which goods and services are produced and distributed to meet people's needs

          

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