Global Economic Sectors and Systems Answers

The US economy is based heavily on __________ sector jobs.

Informal labor is part of every country's economy.Please select the best answer from the choices provided.

The following statements describe a certain country's economy. What type of economy does this country have? I. Most citizens farm at the subsistence level. II. Citizens barter with each other for needed items. III. Doctors and professionals often accept food or other goods in exchange for services.

false

Most modern nations have __________ economies.

A mixed economy has strong elements of both __________ and __________ economies.

not

Nations usually __________ industries and activities in which they have a comparative advantage over other nations.

Undocumented workers frequently are part of an economy's informal sector.Please select the best answer from the choices provided

In a __________ economy, most businesses are privately owned, but the government regulates utilities, builds roads and bridges, and provides public services, such as bus transportation.