Test Variant 1
I. Write the appropriate key to the following definition.( 10 points)
1) one in which people's economic roles are the same as those of their parents and grandparents; .
2) one in which a nation's economic decisions are the result of individual decisions by buyers and sellers in the marketplace;
3) an economic system in which the state or government manages the economy;
4) an economic system with some free enterprise and some government ownership; 5)If the government owns and operates almost all of the nation's means of production;
6) weigh heavily in a household's buying decisions;
7) one of the most fundamental concepts of economics and it is the backbone of a market economy;
8) refers to how much (quantity) of a product or service is desired by buyers;
9) the relationship between price and quantity demanded ;
10) the correlation between price and how much of a good or service is supplied to the market ;
11) the human effort that can be applied to the production of goods and services;
12)a factor of production that has been produced for use in the production of other goods and services;
13) the total value of all goods and services produced in a country in one year, except for income received from abroad.
1 4) an amount of something that is more than what is needed or used
15) the resources of nature that can be used for the production of goods and services;
16) depends on wages , other resources of production , amount of capital;
17) studies the economy at large ;
18) people’s wants and needs are greater than the resources available to satisfy them;
19) a physical object that can be purchased;
20)depends on the wage in comparison to social benefits;

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