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Questions and Answers
What does an economy emphasize?
What does an economy emphasize?
- Production, distribution, trade, and consumption of goods and services (correct)
- Monetary transactions and labor
- Political structure and legal systems
- Cultural practices and material expressions
What are the main factors involved in a given economy?
What are the main factors involved in a given economy?
- Culture, values, education, technological evolution, history (correct)
- Monetary transactions, labor, and capital
- Businesses, organizations, or governments
- Political structure, legal systems, and natural resources
What spurs economic activity?
What spurs economic activity?
- Monetary transactions and technological evolution
- Political structure and legal systems
- Cultural practices and material expressions
- Production using natural resources, labor and capital (correct)
Who can be economic agents?
Who can be economic agents?
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What has changed economic activity over time?
What has changed economic activity over time?
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