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Business Basic Quiz 1 Flashcards | StudBud
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Business Basic Quiz 1
Business Basic Quiz 1
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StudBud Administration
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45 plays
SS7E5-7 #questionsofproduction #economicsystems #economicfactors
Flashcards
8 cards
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Questions
8
Answers
1
A tax on goods coming into the country is called
a quota
an exchange rate
an embargo
a tariff
2
Replanting trees that have been cut down is an investment in
capital goods
entreprenuership
natural resources
human capital
3
This economic systems includes free enterprise with some government control.
Traditional
Market
Mixed
Command
4
What are the 3 basic economic systems?
Supply, Demand, Barter
Traditional, Mixed, Monarchy
Institutional, Free-Market, Demand
Traditional, Command, Market
5
Tom has the right to complain about his bad meal served by the waitress over and over and over.
False
True
6
Which economic system is based on customs of the past?
Traditional
Mixed
Market
Command
7
Which of the following is not a natural trade barrier?
volcano
desert
mountains
quota
8
The government controls all aspects of the economy in which system?
Market
Mixed
Command
Traditional
