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5 Written questions

5 Matching questions

  1. tertiary industry
  2. economic system
  3. human resources/labor
  4. productive resources
  5. market economy/capitalism/free enterprise
  1. a 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. b what we need to produce goods and services,
    natural, human and capital resources
  3. c how a country's economy is organized, determines what to produce, how to produce it and who to produce it for
  4. d human effort and energy used in production
  5. e transport and distribute goods and services - deal with communication - highways, telephones, airlines

5 Multiple choice questions

  1. skill, foresight, and determination it takes to start a business and produce a product
  2. anywhere goods or services are sold or traded
  3. there is no pure economy, each has some characteristic of another, economies can change/Russia/United States/China
  4. government controls/owns businesses and property, government makes all economic decisions/North Korea/Cuba
  5. a job done for someone else

5 True/False questions

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

          

  2. quarternary industryservices for producing or selling things - banking and retail

          

  3. primary industrytransport and distribute goods and services - deal with communication - highways, telephones, airlines

          

  4. scarcethere are not enough productive resources to provide all of the goods and services wanted by citizens

          

  5. capital resourcesminerals, water, trees and land