Bodamer Economics Ch 2
Authored by Dave Bodamer
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11th Grade - University
Used 85+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Level of economic prosperity.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The power of consumers to decide what gets produced.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A political system characterized by a centrally planned economy with all economic and political power resting in the hands of the central government.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
“Hands-off”
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The concentration of the productive efforts of individuals and firms on a limited number of activities.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The financial gain made in a transaction.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The income people receive for supplying factors of production, such as land, labor or capital.
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