Understanding Economies Quiz

UnquestionableOklahomaCity avatar

Start Quiz

Study Flashcards

5 Questions

Which factors give context, content, and set the conditions for an economy to function?

Culture, values, education, technological evolution

What does an economy emphasize?

Production, distribution, and trade of goods and services

Who can be the economic agents in an economy?

Individuals, businesses, organizations, or governments

What spurs economic activity?

Production using natural resources, labor, and capital

What has changed over time to impact economic activity?

Technology, innovation, and changes in industrial relations

Test your knowledge about the production, distribution, trade, and consumption of goods and services within social domains, and the management of scarce resources in an economy.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Economics Quiz
5 questions

Economics Quiz

SuccessfulSandDune avatar
Economy Basics
5 questions

Economy Basics

ObtainablePythagoras avatar
Use Quizgecko on...