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Questions and Answers
What is the main focus of an economy?
What is the main focus of an economy?
- Production, distribution, and trade of goods and services (correct)
- Use and management of abundant resources
- Social interactions and cultural practices
- Technological evolution and history
What are the factors that give context and set the conditions for an economy to function?
What are the factors that give context and set the conditions for an economy to function?
- Political structure and legal systems (correct)
- Culture, values, and education
- Technological evolution and natural resources
- Social organization and monetary transactions
Who can be economic agents in an economy?
Who can be economic agents in an economy?
- Labor, production, and capital
- Technology, innovation, and history
- Individuals, businesses, organizations, or governments (correct)
- Social organization, political structure, and legal systems
What spurs economic activity?
What spurs economic activity?
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What has changed economic activity over time?
What has changed economic activity over time?
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