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In advanced economies, such as the one in the United States, the ____ and _____ needed to improve industry and technology takes a good percentage of national resources. private. In countries with market economies, most of the saving is done by the _____ sector. interest (dividends) Abeka Economics Test 6. scarcity and utility. transaction account; checking account. division of labor, standardized parts,…. two things that determine the value of a good. an account that allows checks to be written up to the dollar a…. Mass production is based on what three elements.economic system in which a centralized authority controls production, distribution, and consumption of goods as well as savings, investments, and prices. market economy. economic system in which people are free to make their own economic choices. market economy 2. the interaction of demand and supply determines …a. The balance of cash on hand on January 1, 20X3, is$45,080.00. b. In each quarter, cash sales are 20.0% and collections of accounts receivable are 25.0% of the projected net sales for the current quarter. Collections from the preceding quarter's net sales are 54.5% of that quarter. Time, rate of return, and amount invested. Elements. Social security act. Social ensurance in 1935. Stocks. The resources corporations gather by selling ownership in their business. Study with Quizlet and memorize flashcards containing terms like Corporation, Stockholder, Limited liability and more. research, development. In advanced economies, such as the one in the United States, the ____ and _____ needed to improve industry and technology takes a good percentage of national resources. private. In countries with market economies, most of the saving is done by the _____ sector. interest (dividends) Abeka economics Quiz 6 pg 72-81 12th grade. 10 terms. joshua_milton9. Econ Quiz. 97 terms. Yeji_Yang. 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