Multiple Choice
In a communist economy,
A) the state controls the means of production.
B) individuals decide what to produce, how to produce it and who gets it.
C) economic decisions are decentralized.
D) the market system is used to allocate resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Which of the following top is NOT
Q9: In conducting normative analysis,economists apply<br>A) the principle
Q10: Which of the follow is NOT an
Q11: Microeconomists usually assume that people are motivated
Q12: In their study of the effect of
Q14: Questions that address what did,will or would
Q15: A useful theory must<br>A) apply to every
Q16: Contrast positive and normative economics.How can economists
Q17: In a natural experiment,<br>A) similar people face
Q18: In a free market system<br>A) there is