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5 Written questions

5 Matching questions

  1. primary industry
  2. capital resources
  3. consumer
  4. market
  5. goods
  1. a taking something from the earth - farming, fishing, mining and lumbering
  2. b items made or grown (produced)
  3. c one who uses goods or services
  4. d anywhere goods or services are sold or traded
  5. e buildings, machines, tools and equipment

5 Multiple choice questions

  1. resources are owned by private citizens, citizens can keep profits from their own businesses, price guides the marketplace/United States/China (somewhat)/Russia/European countries/Mexico
  2. amount paid to an individual for services provided
  3. human effort and energy used in production
  4. a job done for someone else
  5. skill, foresight, and determination it takes to start a business and produce a product

5 True/False questions

  1. tertiary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

  2. mixed economythere is no pure economy, each has some characteristic of another, economies can change/Russia/United States/China

          

  3. command economythere is no pure economy, each has some characteristic of another, economies can change/Russia/United States/China

          

  4. quarternary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

  5. economic systemcareful management of producing, distributing and consuming wealth and resources

          

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