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3 years ago

A system of exchange whereby one good/service is given in return for another; bartering does not require monetary exchange

Social Studies

2 answers:

aleksley [76]3 years ago

7 0

Qustions:

A system of exchange whereby one good/service is given in return for another; bartering does not require monetary exchange

Question 1 options:

trade

bartering

Question 2 (1 point)

An economic model wherein government planners make all business and financial decisions.

Question 2 options:

market economy

command economy

Question 3 (1 point)

An economic model used by governments to determine what should be produced/provided in terms of goods and services, how, and for whom.

Question 3 options:

free enterprise

economic system

Question 4 (1 point)

The ___________ (or capitalist) model places economic decisions in the hands of the people and the law of supply and demand dictate what goods/services are produced/provided, at what price, etc.

Question 4 options:

command

market

Question 5 (1 point)

The required amount of a specific good that must be produced in a given time frame.

Question 5 options:

production quota

subsistence

Question 6 (1 point)

An economic model governed by custom, habit, and history.

Question 6 options:

traditional economy

command economy

Question 7 (1 point)

The capacity of private citizens to create new businesses independent of government direction or intervention.

Question 7 options:

entrepreneurship

free enterprise

Question 8 (1 point)

The creation, maintenance, and expansion of businesses outside the control or influence of the government.

Question 8 options:

production quota

free enterprise

Question 9 (1 point)

Producing only what is necessary for personal use/survival

Question 9 options:

subsistence

free enterprise

Question 10 (1 point)

A 0-100 scale which ranks world economies from most command-leaning (0) to most market-leaning (100).

Question 10 options:

free enterprise

economic continuum

Answers:

Question 1:Bartering

Question 2:Command Economy

Question 4:Market

Question 5:Production Quota

Question 6:Traditional Economy

Question 7:Entrepreneurship

Question 8:Free Enterprise

Question 9:Subsistence

Question 10:Economic Continuum

ANTONII [103]3 years ago

5 0

Not sure, but thanks for the free points! :D

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