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5 Written questions

5 Matching questions

  1. technology
  2. traditional economy
  3. mixed economy
  4. industrialization
  5. capital
  1. a an economy in which the government is involved in setting economic and social policies
  2. b an economy is which people exchange goods and services
  3. c the growth of industries such as manufacturing
  4. d the practical application of science to commerce or industry
  5. e means of production

5 Multiple choice questions

  1. a person who is organizes the other factors of production in order to produce goods and services and who risks his or her capital to run and own and run a business
  2. trade without barriers
  3. an economic system in which the government owns the basic means of production and decides how resources should be used
  4. a system that sets aside a certain number of jobs or admission openings for ethnic groups and women
  5. the basic resources in an economic system

5 True/False questions

  1. developing nationthe growth of industries such as manufacturing

          

  2. collectivizationthe process of taking over privately owned property

          

  3. trade barriertrade without barriers

          

  4. private enterprisethe capitalist system

          

  5. market economyan economy in which the government is involved in setting economic and social policies