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Foundations of Economics — Test Answers

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22
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The most common economic system in the world is a

A
command economy.
B
traditional economy.
C
mixed market economy.
D
closed economy.
23
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In a free-enterprise system, consumers decide

A
which services to buy.
B
how to set prices.
C
how to use materials.
D
which goods to export.
25

In what time period did hydroelectric power usage reach its peak?

A
1970–1980
B
1980–1990
C
1990–2000
D
2000–2010

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