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Economics Quiz
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Economics Quiz

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Questions and Answers

What are the main factors that involve a given economy?

  • Culture, values, education, technological evolution, history, political structure, legal systems, and natural resources
  • Culture, values, education, history, social organization, political structure, legal systems, and natural resources
  • Culture, values, education, technological evolution, social organization, political structure, legal systems, and natural resources
  • Culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources (correct)
  • What does an economy encompass?

  • Production, distribution, and consumption of goods and services
  • Production, trade, and consumption of goods and services
  • Production, distribution, trade, and consumption of goods and services (correct)
  • Distribution, trade, and consumption of goods and services
  • Who can be economic agents in an economy?

  • Individuals, businesses, organizations, or governments (correct)
  • Businesses, organizations, or governments
  • Individuals, businesses, or organizations
  • Individuals, organizations, or governments
  • What spurs economic activity?

    <p>Production using natural resources, labor, and capital</p> Signup and view all the answers

    What has changed over time in the economic domain?

    <p>Technology, innovation, and changes in industrial relations</p> Signup and view all the answers

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