Economy I Question Preview (ID: 25647)
Review Questions
Samer
Thomas
Albert
Austin.
TEACHERS: click here for quick copy question ID numbers.
The United States has a
a) Command Economy
b) Free Market Economy
c) Mixed Economy
d) Giant mecha-chicken named Phil who likes Seinfeld and Communism
Characteristics of corporations include
a) High risk venture
b) Limited liability
c) Sole owner collecting profits
d) ( ͡o ͜ʖ ͡o)
Because of scarcity, businesses must decide
a) What to produce
b) How to produce
c) For whom to produce
d) All of the above
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a) f
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a) d
b) d
c) xs
d) s
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a) f
b)
c)
d)
f
a) f
b)
c)
d)
f
a) f
b)
c)
d)
f
a) f
b)
c)
d)
f
a) f
b)
c)
d)
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