Civics: Chapter 17

Cleaning the toilet is included in the GDP.

The U.S. is ranked number 1 in economy?

Which of the following is a service?

This increases when the same amount of time and imput produces a greater output.

Which of the following does NOT improve Human Capital?

Taking a job and breaking it down to smaller tasks is known as this.

This is where resources for production are bought and sold.

This is the qulity of life of people living in a country.

Which of the following is NOT related to Adam Smith.

This is where goods and services are offered for sale.

Which of the following is a good?

Taiwan is second in line for the worlds largest economy.

The U.S. Government interferes with the marketplace.

Prices in the U.S. are established by supply and demand.

What does GDP stand for?

Which of the calculates GDP per capita?

Which of the following is NOT part of Human Capital.

The freedom to own property and choose how to use it.

A struggle between buyers and seller for the best price.

One who takes risks by investing or starting a business.

To concentrate on specific goods to produce better than others.

Which of the following is NOT an affect of competition.

Which of the following is NOT one of the 6 features of free enterprise?

Which of the following is NOT one of the 6 features of free enterprise?

Money received after the cost is taken out.