Question
1. The condition of a region or group as regards material prosperity. _____ a. Economics b. Macroeconomics c. Microeconomics 2. A measure that examines the
1. The condition of a region or group as regards material prosperity. _____ a. Economics b. Macroeconomics c. Microeconomics 2. A measure that examines the weighted average of prices of a basket of consumer goods and services. _____ a. GDP b. ECO c. CPI 3. An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. _____ a. Capitalism b. Feudalism c. Socialism 4. The purchases of finished goods and services by consumers and businesses. _____ a. GDP b. Retail Sales c. Primitivism 5. The branch of economics that studies the interrelation between economic activity and social behavior. _____ a. Primitivism b. Socialism c. Communism 6. The branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole. _____ a. Economics b. Macroeconomics c. Microeconomics 7. A political theory advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs. _____ a. Primitivism b. Socialism c. Communism 8. A branch of economics that shows conditions under which free markets lead to desirable allocations. _____ a. Economics b. Macroeconomics c. Microeconomics 9. It measures the monetary value of final goods and services. _____ a. GDP b. ECO c. CPI 10. A type of social and political system in which landholders provide land to tenants in exchange for their loyalty and service. _____ a. Capitalism b. Feudalism c. Socialism
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