Multiple Choice
Most modern economies in the world today
A) are similar to feudal systems.
B) have pure market exchange.
C) are mostly run by government decree.
D) have a mix of traditional, command and market elements.
E) are complex systems that defy description and analysis.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Which of the point(s)below is (are)true of
Q21: Comparison of economic systems indicates that<br>A)capitalist economies
Q22: If a country's production possibilities boundary is
Q23: A point lying inside the production possibilities
Q24: Because resources are scarce, individuals are required
Q25: A move from inside the production possibilities
Q27: A farmer selling tomatoes and corn at
Q28: Economics is generally NOT concerned with<br>A)restricting the
Q29: Suppose fire destroy many millions of hectares
Q30: Behaviour in free- market economies is<br>A)determined by