Solved

An Economic System That Relies Primarily Upon Custom and Habit

Question 115

Multiple Choice

An economic system that relies primarily upon custom and habit in economic decision making is a

A) market system.
B) communist system.
C) traditional system.
D) mixed system.
E) command system.

Related Questions

Q65: In a pure market economy,the role of

Q105: FIGURE 1- 1<br>With a budget of $200

Q106: Consider Canada's production possibilities boundary.Suppose a scientific

Q107: Madeleine allows herself $100 per month for

Q108: The diagram below shows two production possibilities

Q109: The concept of scarcity in economics usually

Q111: A move from inside the production possibilities

Q112: In mixed economies,economic behaviour is<br>A)largely determined by

Q113: Consider the following list: a worker with

Q114: Scarcity is likely to be<br>A)a result of