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Az ROC Trade Exam B-3 License UPDATED Exam Questions and CORRECT Answers

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Az ROC Trade Exam B-3 License UPDATED Exam Questions and CORRECT Answers

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Az ROC Trade Exam B-3 License UPDATED Exam
Questions and CORRECT Answers
Command Economy - ANSWER-significatn. government intervention, with major say in distribution and
production



economic growth formula - ANSWER-Year 2 GDP - Year 1 GDP divided by Year 1 GDP times 100 = % of
economic growth



Factors Of Production - ANSWER-1. Land

2. Labor

3. Capital

4. Entrepreneurship



Inflation - ANSWER-where the general price of goods and services rise which decrease purchase power



Market Economy - ANSWER-minimal government intervention, driven by supply and demand



unemployment - ANSWER-the rate of people actively seeking work who are unable to find it

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