24 practice sets · Page 2 of 2
In the case of agriculture:
the demand has shifted to the right more than the supply has shifted to the right
the demand has shifted to the right less than the supply has shifted to the right
the demand has shifted to the left more than the supply has shifted to the left
the demand has shifted to the left less than the supply has shifted to the left
There are three fundamental questions every society must answer. Which of the following is one of these questions?
What goods and services are to be produced?
How are the goods and services to be produced?
Who will get the goods and services that are produced?
All of the above
Capitalism refers to:
the use of markets
government ownership of capital goods
private ownership of capital goods
private ownership of homes & cars
The fundamental economic problem faced by all societies is:
unemployment
poverty
inequality
scarcity
