Most economic systems produce and exchange commodities

Questions

1- Most economic systems produce and exchange commodities, use money as a medium of exchange, and pay labor.

True

False

2- The U.S. highway system is not an example of a type of common activity undertaken by the government.

True

False

3- The absence of effectively enforced international background institutions does not mean that there are no accepted international standards governing business and that therefore any company of integrity must develop them from scratch.

True

False

4- A general rule is that government should do only what business is unable or unwilling to do on its own.

True

False

5- Founding owners of businesses tend to never identify with their creations.

True

False