An Economic System Is the Set of Structures and Processes

question 33

Multiple Choice

An economic system is the set of structures and processes that ________ in a country.

• A)guides the allocation of resources and shapes the conduct of business activities
• B)directs the movement of specific products to specific consumers
• C)sets the standards of competitive success for companies in the economy
• D)stipulates the roles and responsibilities of consumers

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Definitions:

DDT

Dichloro-Diphenyl-Trichloroethane, a synthetic insecticide known for its environmental persistence and its role in the decline of certain wildlife populations before restrictions were placed on its use.

Second-Generation Pesticides

Pesticides developed to overcome resistance or environmental concerns associated with first-generation pesticides, often designed to be more targeted or biodegradable.

Spiders

Arachnids characterized by eight legs, typically spinning webs to capture prey, and playing a significant role in controlling insect populations.

Spruce Budworm

A destructive North American caterpillar that infests conifer forests, notably spruce and fir trees, causing significant damage to these ecosystems during outbreak periods.