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Economics Quiz
5 Questions
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Economics Quiz

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@SuccessfulSandDune

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Questions and Answers

What does an economy emphasize?

  • Social organization and political structure
  • Cultural practices and discourses
  • Technological evolution and history
  • Production, distribution, trade, and consumption of goods and services (correct)

    • What are the main factors that involve a given economy?

  • Businesses, organizations, and governments
  • Social organization, political structure, and economic agents
  • Technological evolution, history, and legal systems
  • Culture, values, education, and natural resources (correct)

    • Who can be economic agents in an economy?

  • Only businesses and governments
  • Only governments and organizations
  • Individuals, businesses, organizations, or governments (correct)
  • Only individuals and businesses

    • 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 according to the text?

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

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