Economic Systems and Daily Life

Question 1

command mixed market

Revolt · Accepted Answer

mixed market; 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

Question 2

public property private property

Revolt · Accepted Answer

private property

Question 3

✔ private propertyX public property

Revolt · Accepted Answer

✔ private property

Question 4

Use the drop-down menu to complete each statement.

Revolt · Accepted Answer

✔ Ownership; 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

Question 5

Use the drop-down menu to complete each statement.

Revolt · Accepted Answer

mixed market; 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

Question 6

Identify the trends in the graph and then use the drop-down menu to complete each statement.

Revolt · Accepted Answer

✔ decreasing; From 1961 to 1965, unemployment was .: decreasing; In the mid-2000s through 2011, unemployment was .: increasing

Question 7

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.

Revolt · Accepted Answer

Unemployed people usually buy fewer things.; Unemployed people may not be able to repay their loans.; Unemployed people may have to change their financial goals.; Unemployed people drawing unemployment benefits increase government spending.

Question 8

X Private property ✔ Public property

Revolt · Accepted Answer

✔ Public property

Question 9

The building that Joe is interested in purchasing would be considered [___].

Revolt · Accepted Answer

private property

Question 10

✔ increasingdecreasing stable

Revolt · Accepted Answer

✔ increasing

Economic Systems and Daily Life Answers

More from this Course

TRY EDGENUITY HACKS