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Quiz 1-1 - ViewAttempt1of2 Title: Quiz 01 (Isms &...

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Title: Started: August 24, 2011 12:07 PM Submitted: August 24, 2011 12:19 PM Time spent: 00:11:41 Total score: 79.96/100 = 79.96% Total score adjusted by 0.0 Maximum possible score: 100 1. Match the term to the correct definition. Colonialism Capitalism Command Economy Mixed Economy Inflation Recession Depression a. A rise in the general level of prices. This is equivalent to a fall in the purchasing power of currency. b. A falling off of demand for goods, decreased production, falling prices and profits, the calling in of bank loans, decreasing employment, falling wages, and a general feeling of economic caution and worry. c. An economic system first articulated by Adam Smith. In its purest form, it is based on individual competition in an unregulated marketplace. d. A period of low production, low prices, little or no profits, widespread business failures, few bank loans, heavy employment, low wages, and a general feeling of pessimism. e. A system in which a state
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Quiz 1-1 - ViewAttempt1of2 Title: Quiz 01 (Isms &...

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