Economics Chapter 2 Review Quiz
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Questions and Answers

What is a key factor to consider when comparing rural and urban economies?

  • Water productivity
  • Record of preserving biodiversity (correct)
  • Dependency on fossil fuels
  • Climate change/Greenhouse gas emissions

Which economic factor is crucial for assessing the role of government in health care, education, and social welfare?

  • Provision of public services
  • Percentage of GDP spent by the government (correct)
  • Environmental Performance Index
  • Index of Economic Freedom

When comparing rural and urban economies, which factor contributes significantly to environmental sustainability?

  • Water productivity (correct)
  • Role of Government in health care
  • Employment rate
  • Income distribution

What is a common metric used to assess the distribution of income in different economies?

<p>Economic system (B)</p> Signup and view all the answers

In evaluating environmental sustainability, which factor is directly linked to the role of government in public services provision?

<p>Provision of public services (A)</p> Signup and view all the answers

What is the main economic factor underlying individuals' choices related to retirement?

<p>Resource use (C)</p> Signup and view all the answers

Which economic factor influences businesses' choices on 'What to produce?' and 'How to produce?'

<p>Industrial relations (A)</p> Signup and view all the answers

In the context of government choices, what economic factor is related to 'Influencing the behavior of individuals'?

<p>Resource use (C)</p> Signup and view all the answers

'What wages to pay?' in the context of businesses' choices is primarily influenced by which economic factor?

<p>Industrial relations (B)</p> Signup and view all the answers

'Identify 2 activities the government may wish to discourage' falls under which economic factor?

<p>Resource use (A)</p> Signup and view all the answers

In a mixed economy, decisions regarding production and distribution are made by:

<p>Market forces and government decisions (A)</p> Signup and view all the answers

Which of the following is a key focus area when examining the similarities and differences between economies?

<p>Distribution of income (D)</p> Signup and view all the answers

What is a primary reason for government intervention in the allocation of resources in a market economy?

<p>To provide goods and services that might not otherwise be provided (A)</p> Signup and view all the answers

Which aspect can be influenced by government intervention in the distribution of income in an economy?

<p>Social welfare payments (D)</p> Signup and view all the answers

Environmental sustainability is a key consideration when comparing economies because:

<p>It ensures long-term resource availability and quality of life (B)</p> Signup and view all the answers

Which factor plays a significant role in determining the quality of life within an economy?

<p>Employment opportunities (D)</p> Signup and view all the answers

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