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Landowners get rent. A societys organized way of providing for its people wants and need.
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Chapter 2 assessment economics. _____ is an economic system in which the government owns all the factors of production and there is little or no political freedom. Start studying economics chapter 2 assessment review. Learn vocabulary terms and more with flashcards games and other study tools.
Economics Chapter Two Assessment. Terms in this set 18 the idea that people rule the market. A societys organized way of providing for its people wants and need.
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The opportunity cost of bus tickets is the number of burgers that must be given up to obtain one more bus ticket. Originally when the price of bus tickets was 50 cents per trip this opportunity cost was 0502 25 burgers. THIS SET IS OFTEN IN FOLDERS WITH.
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Economics Chapter 2 Test. Terms in this set 30 economic system. The method used by a society to produce and distribute goods and services.
Income that people get for providing the factors of production. Landowners get rent. Economic Systems and Decision Making.
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ANSWERING THE THREE ECONOMIC QUESTIONS Section 1 3. THE THREE ECONOMIC QUESTIONS As a result of scarce resources societies must answer three key economic questions. What goods and services should be produced.
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THE FAMILY AND THE COMMUNITY 1 - The family - Your responsibilities as a consumer 2. CONTROLLING PESTS IN THE HOME 8 - Household pests 3. SAFETY IN THE HOME 13 - Accidents in the home - Prevention of accidents - Some general preventions 4.
WOODEN AND METAL SURFACES IN THE HOME 2 2 - Wood - Metals 5. Table 21 summarises the three forms of economic assessment. Forms of economic assessment Form of economic assessment Characteristics Least Cost Analysis LCA Estimates the total costs of an intervention including initial capital investment plus operating and maintenance OM costs it may also.
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Microsoft PowerPoint - econ_ch02_sect04_online_lecture_notes Author. Friday - Chapter 2 and 3 Test Review Week 3 Chapter 2 PowerPoint Chapter 2 - Economic Systems 30 Vocab words Monday - Complete Chapter 21 -Assessment - Pg. 28 s 2-12 Tuesday - Chapter 22 -Assessment - Pg.
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2 Contents CHAPTER INTRODUCTION SECTION 1 Economic Systems SECTION 2 Evaluating Economic Performance SECTION 3 Capitalism and Economic Freedom CHAPTER SUMMARY CHAPTER ASSESSMENT Click a hyperlink to go to the corresponding section. Press the ESC key at any time to exit the presentation.