Multiple Choice
Stanislav lives in a country where all the factors of production are owned by the government. The economic system in his country is most likely
A) communism.
B) capitalism.
C) mixed market.
D) socialism.
E) it is not possible to tell with the information provided.
Correct Answer:
Verified
Correct Answer:
Verified
Q104: In terms of factors of production, Imperial
Q105: In 2014, Netflix was told to submit
Q106: A business is an organization that seeks
Q107: Coke and Pepsi represent oligopolistic competition.
Q108: 5-for-1 Pizza is operating at the point
Q110: Vermont Computers is a manufacturer of computers
Q111: In the input market, firms supply goods
Q112: What is likely to happen when demand
Q113: What problems are evident in Canada's supply
Q114: Communism and socialism are both types of