Praxis II test 0014 social studies - economics fill in the blanks
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| _____ are limited, so individuals must make choices | resources
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| _______ and __________ must be analyzed when making economic decision | costs and benefits
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| _______ systems are complex and involve several _______ | economic; institutions
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| _______ systems have a specific nature | economic
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| _______ and _______ plays a major role in the market | supply and demand
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| _________, _________ and _______ support the market system | supply, demand and prices
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| ______and _____ economic sectors are different | private and public
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| ____________ opportunities are specialized | employment
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| _______ or ______ use have various forms | exchange or money
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| ________ is determined by market conditions | income
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| _______ and __________________ are complex topics | investment and entrepreneurship
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| _____________ _______________ affects a market system | government policy
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| a free market economy, like that of the United States, is based on two premises that of ______________ and _____________ and ____________ | competition and supply and demand
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| the government plays a role in the economic development and process in four areas: | fiscal policy (taxes), regulation, spending and monetary policy (credit)
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