The universal economic goals of a society are ____________________.

allocative efficiency, productive efficiency, full employment, equity

decreased scarcity, improved economy, reduced wants, increased distribution

new goods, improved services, government involvement, market control

opportunity costs, production possibilities, traditional economy, demand

Quiz

C.2 Economics, Skills #1-7 Knowledge Check

Jasmine M. 4 questions

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1Who wrote The Wealth of Nations?
1. ABretton Woods
2. BAdam Smith
3. CBenjamin Franklin
4. DAlexander Hamilton
2In the United States both privately-owned companies as well as the government have important roles in the economy. This exemplifies a [blank_start]Mixed[blank_end] economy.
1. AMixed
2. BDemocratic
3. CTraditional
4. DCapitalist
3Congress has the responsibility for implementing monetary policy.
1. ATrue
2. BFalse
4The universal economic goals of a society are ____________________.
1. Adecreased scarcity, improved economy, reduced wants, increased distribution
2. Bnew goods, improved services, government involvement, market control
3. Copportunity costs, production possibilities, traditional economy, demand
4. Dallocative efficiency, productive efficiency, full employment, equity

Description: Social Science Quiz on C.2 Economics, Skills #1-7 Knowledge Check, created by Jasmine M. on 11/02/2021.
Author: Jasmine M.
Language: English
Views: 39
Tags: ftce education social science economics politics government history civics us history american history european history world history ancient history social science
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