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Economics Quiz
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Economics Quiz

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@TrustingMagenta

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Questions and Answers

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?

  • 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?

  • 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?

    <p>When two groups or parties agree to the value or price of the transacted good or service</p> Signup and view all the answers

    What is the economic domain?

    <p>A social domain of interrelated human practices and transactions</p> Signup and view all the answers

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