AnswersISP ONLY Economics S5000XXEconomic Systems and Daily Life

Economic Systems and Daily Life Answers

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X Private property Public property

A
Private property
B
Public property
3

✔ private propertypublic property

A
private property
B
public property
4

command mixed market

A
command
B
mixed market
5

increasing decreasingstable

A
increasing
B
decreasing
C
stable
6

How does a lack of full employment hurt the economy? Check all that apply.Unemployed people usually buy fewer things.Unemployed people may not be able to repay their loans.Unemployed people are not looking for jobs.Unemployed people have increased buying power.Unemployed people may have to change their financial goals.Unemployed people drawing unemployment benefits increase government spending.

A
Unemployed people usually buy fewer things.
B
Unemployed people may not be able to repay their loans.
C
Unemployed people are not looking for jobs.
D
Unemployed people have increased buying power.
E
Unemployed people may have to change their financial goals.
F
Unemployed people drawing unemployment benefits increase government spending.
7

public property private property

A
public property
B
private property
8

increasingdecreasing stable

A
increasing
B
decreasing
C
stable
9

Use the drop-down menu to complete each statement.

Answers:
is the right to possess something.:Ownership
is owned by the government, whereas is owned by individual citizens.:Public property
is owned by the government, whereas is owned by individual citizens.:private property
12

From 1961 to 1965, unemployment was .

A
increasing
B
decreasing
C
stable
14

How does a lack of full employment hurt the economy? Check all that apply.Unemployed people usually buy fewer things.Unemployed people may not be able to repay their loans.Unemployed people are not looking for jobs.Unemployed people have increased buying power.Unemployed people may have to change their financial goals.Unemployed people drawing unemployment benefits increase government spending.

A
Unemployed people usually buy fewer things.
B
Unemployed people may not be able to repay their loans.
C
Unemployed people are not looking for jobs.
D
Unemployed people have increased buying power.
E
Unemployed people may have to change their financial goals.
F
Unemployed people drawing unemployment benefits increase government spending.
15

Use the drop-down menu to complete each statement.

Answers:
Based on the information in the passage, it is most likely that Joe lives in a economy.:mixed market
The building that Joe is interested in purchasing would be considered .:private property

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