The Economic Institution Answers

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2
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Please select the word from the list that best fits the definition

A
capitalism
B
law of demand
C
legitimacy
D
World Wide Web
E
traditional authority
F
rational-legal authority
3
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Please select the word from the list that best fits the definition

A
capitalism
B
traditional authority
C
capital
D
totalitarianism
E
dictatorship
F
democracy
G
monarchy
4

Please select the word from the list that best fits the definition

A
democratic socialism
B
primary
C
capital
D
dictatorship
E
junta
F
political party
G
proportional representation
5

An example of an entrepreneur would be someone who opened up a gourmet popcorn store in the local mall.

A
T
B
F
6

Please select the word from the list that best fits the definition

A
capitalism
B
democracy
C
monarchy
D
constitutional monarchy
E
democratic socialism
F
dictatorship
7

Please select the word from the list that best fits the definition

A
capitalism
B
law of demand
C
legitimacy
D
World Wide Web
E
traditional authority
F
rational-legal authority
G
charismatic authority
H
coercion
I
democracy
J
monarchy
K
constitutional monarchy
L
democratic socialism
M
primary
N
capital
O
dictatorship
P
junta
Q
political party
R
proportional representation
S
interest group
T
power-elite model
8

Please select the word from the list that best fits the definition

A
tertiary sector
B
socialism
C
primary sector
D
free-enterprise
E
secondary sector
F
globalization
9

Please select the word from the list that best fits the definition

A
tertiary sector
B
socialism
C
primary sector
D
free-enterprise
E
secondary sector
F
globalization

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