Multiple Choice
A mixed system is an economic system in which
A) scarcity is controlled by rationing.
B) production is controlled by the government but consumers can buy whatever goods they wish.
C) decisions about resource use are made partly by the private sector and partly by the public sector.
D) the government owns all the capital but individuals own their own labour services.
Correct Answer:
Verified
Correct Answer:
Verified
Q98: Technology is defined in economics as<br>A)output beyond
Q99: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-2
Q100: Figure 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-4
Q101: People who favour laissez-faire believe that<br>A)the government
Q102: When nations begin to specialize in their
Q104: Figure 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-4
Q105: Figure 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-4
Q106: What problems does Canada face because of
Q107: In both capitalist and mixed economies,the answer
Q108: Production is efficient if<br>A)it generates a point