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Questions and Answers
What is the main focus of an economy?
What is the main focus of an economy?
- Consumption of goods and services
- Distribution of goods and services
- Trade of goods and services
- Production of goods and services (correct)
Which factors are involved in shaping a given economy?
Which factors are involved in shaping a given economy?
- Cultural values and social organization
- Technological evolution and history
- Political structure and legal systems
- All of the above (correct)
Who can be considered as economic agents in an economy?
Who can be considered as economic agents in an economy?
- Individuals, businesses, organizations, or governments (correct)
- Organizations and governments
- Individuals and businesses
- Only organizations and governments
What spurs economic activity in an economy?
What spurs economic activity in an economy?
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What are the key drivers of changes in the economic domain over time?
What are the key drivers of changes in the economic domain over time?
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