In a command economy, the value of goods and services is determined by
A) the level of demand.
B) the costs of production.
C) the amount some other actor is willing to pay.
D) the marginal cost.
E) what the state deems appropriate.
Correct Answer:
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Q3: A benefit of using "purchasing power parity"
Q4: The gross domestic product is
A) the total
Q5: In which of the following ways can
Q6: In a market economy, the factors of
Q7: Adam Smith's concept of the "invisible hand"
Q9: Which of the following is most likely
Q10: Which of the following is most likely
Q11: In a mixed economy,
A) most key infrastructure
Q12: The use of tariffs and quotas is
A)
Q13: While competition in a market economy can
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