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Chapter 18 Work and the Economy

Chapter 18 Work and the Economy

Q 1.Which of the following is an example of convergence theory in action? 2.The term mercantilism can best be defined as: 3.Which of the following best defines the term commodity? 4.Davis is low on cash, but really wants an electric guitar. He offers to trade his acoustic guitar, for his friend Bill's electric guitar. Davis is engaging in: 5.Which of the following is not an example of underemployment?

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1.Germany rebuilt its economy after World War II, creating more job opportunities and prosperity for its citizens. 2.When children tend to enter the same or similar occupation as their parents. 3.A physical object we find, grow, or make to meet our needs and those of others. 4.Bartering 5.After his wife gave birth to twins, Jerry quit his job to help raise them.