Multiple Choice
Economic systems can be classified based on
A) the ownership of resources only
B) the ownership of resources, the types of crops grown, and the incentives used to motivate people
C) the way resources are allocated to produce goods and services and the incentives used to motivate people only
D) the ownership of resources, the way resources are allocated to produce goods and services, and the incentives used to motivate people
E) the ownership of resources, the way resources are allocated to produce goods and services, and the average education of workers
Correct Answer:

Verified
Correct Answer:
Verified
Q4: One likely reason that the country of
Q15: If the country of Heehee makes the
Q18: Regarding the institutional requirements of efficient markets,<br>A)Western
Q30: Which of the following groups has the
Q31: If the country of Zorg has a
Q32: A problem for developing countries is that
Q41: A firm should be transparent, meaning<br>A)the windows
Q52: Which of the following is true about
Q69: Production and exchange depend on an reliable
Q86: If the centrally planned economy of Rowboat