28709167
Description
Quiz by Jasmine M., updated more than 1 year ago
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Created by Jasmine M.
almost 4 years ago
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Question 1
Question
Who wrote The Wealth of Nations?
Answer
-
Bretton Woods
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Adam Smith
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Benjamin Franklin
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Alexander Hamilton
Question 2
Question
In 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.
Answer
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Mixed
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Democratic
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Traditional
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Capitalist
Question 3
Question
Congress has the responsibility for implementing monetary policy.
Answer
- True
- False
Question 4
Question
The universal economic goals of a society are ____________________.
Answer
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decreased scarcity, improved economy, reduced wants, increased distribution
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new goods, improved services, government involvement, market control
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opportunity costs, production possibilities, traditional economy, demand
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allocative efficiency, productive efficiency, full employment, equity
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