Questions and Answers
Which of the following is NOT a factor that affects economic activities and outcomes?
Technology
What is the role of economic systems?
To manage resources
What is the relationship between the economy and the social system?
The economy is nested inside the social system
What is the relationship between the social system and the natural environment?
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What does Figure 1 illustrate?
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Which of the following is true about economic systems?
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What does the economy represent in the larger social system?
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How are economic activities and the natural environment related?
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What are some factors that are part of the larger social system?
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What does Figure 1 illustrate?
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