Understanding Economies Quiz

Population size, geographical location, language spoken

Culture, values, education, technological evolution (correct)

Weather, transportation system, local customs

Cuisine, fashion trends, entertainment industry

Creation and destruction of goods and services

Utilization of goods and services

Selling and buying of goods and services

Production, distribution, and trade of goods and services (correct)

Media companies, advertising agencies, entertainment industry, or fashion designers

Individuals, businesses, organizations, or governments (correct)

Charities, non-profit organizations, sports clubs, or art galleries

Schools, hospitals, households, or religious institutions

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

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