Economics Unit Test

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1.
1 point
Why would a tariff be used?
2.
1 point
Name a country with close to a pure command economy.
3.
1 point
Name a country with close to a perfect market economy.
4.
1 point
Name a different economic system.
5.
1 point
There are many perfect market economies.
6.
1 point
Which of the following is an example of a natural resource?
7.
1 point
What is a tariff?
8.
1 point
What is an embargo?
9.
1 point
Which of the following is not an entrepreneur?
10.
1 point
Name another economic system.
11.
1 point
Which of the following is an example of a capital good?
12.
1 point
Name one factor of economic growth.
13.
1 point
Name one economic system.
14.
1 point
Gross Domestic Product is the combined value of goods and services produced in a country each year.
15.
1 point
Why is an embargo used?
16.
1 point
Which of the following is an example of human capital?
17.
1 point
When would a quota be used?
18.
1 point
What is a quota?