Practice Quiz

Praxis II Early Education Content Knowledge

Category - Social Studies

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Which of the following best defines the word economy?
  1. An indicator of how the stock market is performing
  2. The way a country manages its money and resources
  3. Rules of conduct for financial institutions
  4. A place where stocks are bought and sold
Explanation
Answer: B - A simple definition for the word economy is the way a country manages its money and resources. When demand for goods and services are high, there is said to be a healthy economy. When demand is low, there is said to be a poor economy.
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