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Questions and Answers
Who can be economic agents?
Who can be economic agents?
- Only businesses and governments
- Only governments and organizations
- Only individuals and businesses
- Individuals, businesses, organizations, and governments (correct)
What does an economy emphasize?
What does an economy emphasize?
- The distribution and trade of goods and services
- The practices, discourses, and material expressions associated with production, use, and management of scarce resources (correct)
- The production and consumption of goods only
- The cultural and historical aspects of a society
What are the main factors that involve a given economy?
What are the main factors that involve a given economy?
- Legal systems, history, and social organization
- Monetary policies, technological evolution, and social structure
- Culture, values, education, and natural resources (correct)
- Technological evolution, social organization, and political structure
When do economic transactions occur?
When do economic transactions occur?
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What is the economic domain?
What is the economic domain?
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