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5 Written questions

5 Matching questions

  1. factors of production
  2. capitalism
  3. free enterprise
  4. collectivization
  5. industrialization
  1. a the basic resources in an economic system
  2. b a system in which buyers and sellers make their own choices about what to produce , how much to produce, and for whom
  3. c the growth of industries such as manufacturing
  4. d the process of taking over privately owned property
  5. e the capitalist system

5 Multiple choice questions

  1. a block in international trade put in my place by the government
  2. a combination of small farms that have been taken over by the government
  3. a government payment to the producer of a good or service
  4. the practical application of science to commerce or industry
  5. a system that sets aside a certain number of jobs or admission openings for ethnic groups and women

5 True/False questions

  1. developing nationa nation whose economy is based on farming and the export of natural resources

          

  2. market economyan economy in which buyers and sellers decide what to make, how much to make, and for whom

          

  3. entrepreneurtrade without barriers

          

  4. socialisma system in which buyers and sellers make their own choices about what to produce , how much to produce, and for whom

          

  5. nationalizationa characteristic of socialism in which the central government takes over certain industries , such as transportation and steel