Multiple Choice
The market system is also known as ___, while the command system is also known as _____.
A) capitalism; socialism
B) socialism; communism
C) central planning; laissez faire
D) a production system; a planning system
Correct Answer:

Verified
Correct Answer:
Verified
Q150: The following table illustrates alternative production techniques
Q151: Examples of command economies are<br>A) the United
Q152: The following table illustrates alternative production techniques
Q153: The economies of North Korea and Cuba
Q154: Specialization in production is economically beneficial primarily
Q156: Describe three ways that human specialization contributes
Q157: The "coincidence of wants" problem associated with
Q158: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q159: When somebody buys an insurance policy, that
Q160: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" On the basis