Which of these activities is most fundamental to a market economy?

Which of these activities is most fundamental to a market economy?
 
  a. Engaging in a voluntary exchange
  b. Investing in a productive enterprise
  c. Setting up a factory to produce goods
  d. Putting surplus money into a bank account

 Q. 2

In a pure market economy, all property is held by _____.
 
  a. large banks
  b. the proletariat
  c. the government
  d. private individuals

 Q. 3

Mexico's Gini index score is about twice as high as Denmark's. Which statement best explains what this means?
 
  a. Mexico has a standard of living that is roughly twice as high as that in Denmark.
  b. Mexico has a much larger gap between the rich and the poor than that in Denmark.
  c. There is far more government intervention in the economy in Mexico than in Denmark.
  d. The average productivity of workers in Mexico is roughly half that of workers in Denmark.

 Q. 4

What does the Gini index measure?
 
  a. Relative inequality
  b. Per capita tax burden
  c. Average standard of living
  d. Level of economic regulation

 Q. 5

In both post-industrial and underdeveloped countries, there are _____.
 
  a. low percentages of people making a living wage
  b. low percentages of people in manufacturing jobs
  c. high percentages of people in service-oriented jobs
  d. high percentages of people growing their own food

 Q. 6

What does gross domestic product (GDP) measure?
 
  a. The size of the national economy
  b. The value of the national currency
  c. The growth of the government debt
  d. The amount of government spending

 Q. 7

In the current U.S. economy, the majority of jobs are in __________.
 
  a. services
  c. manufacturing
  b. resource extraction
  d. government work