A centrally planned economy is also called a market economy.
Correct Answer:
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Q129: A government failure results when
A)the government allows
Q130: The key elements of a market economy
Q131: Without property rights,
A)people would have more of
Q132: Establishing property rights
A)is a characteristic of most
Q133: Property rights are not necessary for a
Q135: Which of the following statements is false?
A)In
Q136: Property rights to inventions discourage people and
Q137: Economic interaction occurs in firms as opposed
Q138: The role of government in a market
Q139: Transaction costs are the costs of
A)bribing government
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