A short quiz about Chapter 2 of Economics.
The method used by a society to produce and distribute goods and services.
The method used by a society to produce and distribute air and water.
The income people receive for supplying money in banana peels.
The income people receive for supplying factors of production- land, labor, capital or entrepreneurship
The love of ones country - the passion that inspires a person to serve his or her country
The love of ones pet or child.
Traditional Economy
Extraordinary Economy.
Economic decisions are made by individuals and are based on exchange, or trade
Level of economic prosperity
Horizontally Planned Economy
Centrally Planned Economy
Financial gain.
Financial loss.
Incentive
Self-interest
Socialism
Consumer sovereignty.
Communism
Socialism
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Here's an interesting quiz for you.