Explore key economic concepts in 'Economy - Chapter 2' quiz. Understand different economic systems, factor payments, and market influences through targeted questions designed to enhance knowledge and analytical skills in economics.
Financial gain.
Financial loss.
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The income people receive for supplying money in banana peels.
The income people receive for supplying factors of production- land, labor, capital or entrepreneurship
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Economic decisions are made by individuals and are based on exchange, or trade
Level of economic prosperity
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The love of ones country - the passion that inspires a person to serve his or her country
The love of ones pet or child.
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Traditional Economy
Extraordinary Economy.
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Horizontally Planned Economy
Centrally Planned Economy
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Socialism
Consumer sovereignty.
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Incentive
Self-interest
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Communism
Socialism
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