Choose the correct anwer to each
question by clicking on the radio button in front of that answer.
1. The science
that deals with the production, allocation, and use of goods and services,
it is important to study how resources can best be distributed to meet the
needs of the greatest number of people is
2. The study
of entire systems of economics is.
3.The study of how
the systems affects one business or the study of parts of the economic system
4. The economic system of medieval
times characterized by a strict class structure and serfs working the land
in payment for protection from nobles is
5. The economic
system of the major trading nations during the 16th, 17th, and 18th cent.,
based on the idea that the power and wealth of nations was best served
by trade and marked by increases in manufacturing and commerce is
6. During this period of history
In the mid eighteenth century, ushered in an era in which machines
rather than tools were used in the factory system and more workers were in
factories rather than farms.
7. This means
that economies work best without lots of rules and regulations from the government.