English Language Proficiency Tests-Advanced Level's archive Economics Questions test (2) 1.A is the person who directs, supervises and operates a business or a section of a business. This person is in a management position but is not always the owner of the company. worker manager wealthy person 2.When people or departments become highly-skilled in one area of production because they only create or produce one item or one part of an item, occurs. labor service specialization 3 is a system where products or parts of products move from one worker to another. This is an efficient system that is used in order to manufacture products in a highly productive manner. A labor shortage A line of people An assembly line 4.When companies split up or divide workers' tasks so that each worker performs one job or task, the process is known as . division of labor technology student lines 5.Many companies around the world use , or make use of scientific advancements, to manufacture new and improved products every day. introductions division technology 6 store huge amounts of information within computer systems that were not in existence 40 years ago. Advantages Assembly lines Databases 7.In some nations, people and families are below the poverty level and are in need so they are given in order to survive. technology welfare consumers 8.In a economy, individuals and businesses own and make most of the decisions about resources. In this type of economy, the people own and control most of the production processes. modest market command 9.In a economy, individuals and governments own and control production together. They both decide how resources will be used, what will be produced and who will buy and use the products. market mixed command 10.Whether businesses manufacture goods or offer services, all of the money taken in by a business is called . costs labor revenue . English Language Proficiency Tests-Advanced Level's archive Economics Questions test (2) 1.A is the person