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Economy I
Test Description: Review Questions Samer Thomas Albert Austin
Instructions: Answer all questions to get your test result.
1) The United States has a
A
Mixed Economy
B
Free Market Economy
C
Giant mecha-chicken named Phil who likes Seinfeld and Communism
D
Command Economy
2) Characteristics of corporations include
A
Limited liability
B
Sole owner collecting profits
C
( ͡o ͜ʖ ͡o)
D
High risk venture
3) Because of scarcity, businesses must decide
A
For whom to produce
B
All of the above
C
How to produce
D
What to produce
4) fffff
A
f
5) d
A
xs
B
d
C
s
D
d
6) f
A
f
7) f
A
f
8) f
A
f
9) f
A
f
10) f
A
f
*select an answer for all questions
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