The economic system that answers the What , How and For Whom questions using prices determined by the interaction of supply and demand is a:
A) market economy.
B) command economy
C) soviet economy.
D) traditional economy.
Correct Answer:
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Q1: According to Adam Smith, what is the
Q2: The father of modern economics who wrote
Q4: The economic system that has the benefit
Q5: What type of economic system is commonly
Q6: The economic system in which the basic
Q7: In the former Soviet economy, the supreme
Q8: Which of the following societies is the
Q9: Which of the following is not an
Q10: Proponents of a command economy argue that
Q11: According to Adam Smith's invisible hand doctrine:
A)
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