What Name Is Given to an Economic System That Relies

question 116

Multiple Choice

What name is given to an economic system that relies on protected markets and trade monopolies within the market?

• A) free trade
• B) closed borders
• C) capitalist
• D) mercantilist

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Definitions:

Production

The process of creating goods and services using labor, machinery, and resources to meet consumer demand.

Compressed Workweek

A work schedule that allows employees to work longer hours on fewer days of the week.

Telecommuter

Home-based employee.

Job Sharing Program

A work arrangement where two or more individuals share the responsibilities and duties of a single full-time job, dividing the hours and benefits among themselves.