C2S4 - Modern Economics in a Global Age

The most common economic system is a

• traditional economy

• command economy

• market economy

• mixed economy

The Namibian government has been encouraging a more

• market-driven approach

• command-driven approach

• socialist-driven approach

• traditional-driven approach

The process of changing from private ownership to government ownership is called

• privatizing

• nationalizing

• economizing

• downsizing

The process of changing from government ownership to private ownership is called

• privatizing

• nationalizing

• economizing

• downsizing

Faster, safer, and cheaper transportation has contributed to the development of a

• global economy

• market economy

• mixed economy

• traditional economy

What are some advantages of global business partnerships?

• Increased market access

• Higher operational costs

• Limited resource sharing

• Reduced innovation