agbm chapter 2 questions n answers 100%
correct already passed
1. The term "laissez-faire"
Keeping government from interfering in the economy
refers to
2. Which of the following
A government-appointed central planning
de- scribe a command
board Government ownership of most or all
system?
resources
3. Communism exhibits all
TRUE
the characteristics of a
command system.
4. What type of society needs
A society with limited resources
to develop an economic
system?
FALSE
5. The three main decisions
that must be addressed by
an eco- nomic system
include what goods are
to be produced, who will
produce them, and
where they will be Government
produced.
6. In a market system,
private property refers to
the right of private firms
and individuals, not the
, to own most
prop- erty resources such
as land and capital.
7. Which of the following is char- Market system
1/
14
, agbm chapter 2 questions n answers 100%
correct already passed
acterized by the private
own- ership of resources
and the use of markets to
coordinate and direct
economic activity?
2/
14
correct already passed
1. The term "laissez-faire"
Keeping government from interfering in the economy
refers to
2. Which of the following
A government-appointed central planning
de- scribe a command
board Government ownership of most or all
system?
resources
3. Communism exhibits all
TRUE
the characteristics of a
command system.
4. What type of society needs
A society with limited resources
to develop an economic
system?
FALSE
5. The three main decisions
that must be addressed by
an eco- nomic system
include what goods are
to be produced, who will
produce them, and
where they will be Government
produced.
6. In a market system,
private property refers to
the right of private firms
and individuals, not the
, to own most
prop- erty resources such
as land and capital.
7. Which of the following is char- Market system
1/
14
, agbm chapter 2 questions n answers 100%
correct already passed
acterized by the private
own- ership of resources
and the use of markets to
coordinate and direct
economic activity?
2/
14
