Economic Systems Differ from One Another Based on Who Owns

question 36

Multiple Choice

Economic systems differ from one another based on who owns the factors of production and

• A) how many resources are available in the economy and where they are located.
• B) how economic activities are coordinated and directed.
• C) what kinds of products are produced in the economy and how they are sold.
• D) how big the population is and the makeup of the population.

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Definitions:

Contour Farming

An agricultural technique where farming practices like plowing are done parallel to the contours of the land, aimed at reducing soil erosion.

Terracing

The practice of creating flat platforms on sloped land, often used in agriculture to reduce soil erosion and support water conservation.

Water Pollution

The contamination of water bodies (e.g., lakes, rivers, oceans, aquifers) by harmful substances or heat, negatively affecting aquatic ecosystems and human health.

Agricultural Chemicals

Substances such as fertilizers, herbicides, and pesticides used in farming to enhance plant growth and protect crops from pests and diseases.