13 POINTS 1) Which of these is an incentive for producers in a free-market economy?
a. resources
b. history
c. tradition
d. profit
2) Which pair of terms is most closely related?
a. calendar and inference
b. diagram and challenge
c. calendar and chronology
d. research and opinion
3) Which of these are parallel to the Equator on a map or globe?
a. prime Meridians
b. lines of latitude
c. location grids
d. lines of longitude
4) Which term is most associated with the writings of Adam Smith?
a. scarcity
b. taxes
c. laissez-faire
d. natural resources
5) Which term is most associated with the ideas of John Locke?
a. private property
b. taxes
c. natural resources
d. scarcity
6) Which of these most directly forces people to choose how they will use resources?
a. opportunity cost
b. scarcity
c. voluntary exchange
d. entrepreneurship
7) Which of these is the best definition of the term geography?
a. the study of Earth and its people
b. the study of Earth and its history
c. the study of Earth's people
d. the study of Earth's history
8) Which of these best describes what economist study?
a. Earth and its people
b. scarcity and use of resources
c. people and events of the past
d. credit and financing