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Questions and Answers
Which of the following is NOT a factor that affects economic activities and outcomes?
Which of the following is NOT a factor that affects economic activities and outcomes?
- Culture
- History
- Technology (correct)
- Ethics
What is the role of economic systems?
What is the role of economic systems?
- To generate wastes
- To absorb natural resources
- To manage resources (correct)
- To improve human well-being
What is the relationship between the economy and the social system?
What is the relationship between the economy and the social system?
- The economy and social system have no relationship
- The economy and social system are separate entities
- The social system is nested inside the economy
- The economy is nested inside the social system (correct)
What is the relationship between the social system and the natural environment?
What is the relationship between the social system and the natural environment?
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What does Figure 1 illustrate?
What does Figure 1 illustrate?
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Which of the following is true about economic systems?
Which of the following is true about economic systems?
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What does the economy represent in the larger social system?
What does the economy represent in the larger social system?
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How are economic activities and the natural environment related?
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?
What are some factors that are part of the larger social system?
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What does Figure 1 illustrate?
What does Figure 1 illustrate?
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