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Economics Chapter 2; Section 3-4
Created by jrogers
- 1. Laissez faire
- 2. competition
- 3. specialization
- 4. mixed economy
- 5. global economy
- a. the effort of two or more people acting independently to get business by offering the best deal
- b. a situation that occurs when individuals or businesses concentrate thier efforts in the area in which they have advantage for increased productivity and profit
- c. The princple that the government should not interfere in the economy
- d. all economic interactions that across international boundaries
- e. an economic system that has elements of traditional, command, and market economies: the most common economic system
Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Economics Chapter 2; Section 3-4 (Answer Key)
Created by jrogers
- c 1. Laissez faire
- a 2. competition
- b 3. specialization
- e 4. mixed economy
- d 5. global economy
- a. the effort of two or more people acting independently to get business by offering the best deal
- b. a situation that occurs when individuals or businesses concentrate thier efforts in the area in which they have advantage for increased productivity and profit
- c. The princple that the government should not interfere in the economy
- d. all economic interactions that across international boundaries
- e. an economic system that has elements of traditional, command, and market economies: the most common economic system
When you're ready to print, just click this button: Make Print-Friendly