Marketing UNIT 2, Chapter 3 Quiz

reduced workforce and less money spent by consumers

• recession

• recovery

• inflation

• deflation

period of renewed economic growth

• recession

• recovery

• inflation

• deflation

period when prices rise

• recession

• recovery

• inflation

• deflation

all things used in producing goods and services

• Communism

• Standard of Living

• capital

• resources

money to start and operate a business

• Communism

• Standard of Living

• capital

• resources

measurement of the amount of goods and services people have

• Communism

• Standard of Living

• capital

• resources

All people are assigned jobs according to skills, because the GOVERNMENT says so!

• Communism

• Capitalism

• Socialism

• Harnessism

The people can run, own, and determine what is sold in their own business.

• Communism

• Capitalism

• Socialism

• Harnessism

The people can run and own businesses but the government runs major things in the country, like heath care- THINK CANADA.

• Communism

• Capitalism

• Socialism

• Harnessism

The reason I have to take this quiz is because my teacher is in charge of the classroom, expecting 100% commitment to learning Marketing and RESPECT.

• Communism

• Capitalism

• Socialism

• Harnessism