Multiple Choice
Pure capitalism and a pure command system represent
A) two different ways of answering the basic economic questions
B) two names describing the same method of answering the basic economic questions
C) the only two ways of answering the basic economic questions
D) the most efficient ways to answer the basic economic questions
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q190: A medium of exchange must be<br>A)approved by
Q191: An improvement in technology<br>A)will always result in
Q192: The Sultan of Brunei, one of the
Q193: A production possibilities frontier will shift outward
Q194: Absolute advantage is based on opportunity cost.
Q196: Comparative advantage is<br>A)the ability of an individual
Q197: Exhibit 2-12 Maria and Hans Production Possibilities
Q198: In one week, Tetah can knit 15
Q199: If Helen gives up the opportunity to
Q200: The production possibilities frontier represents all desirable