John lives in a country where producers and consumers control production, and where allocation decisions are made through the mechanism of supply and demand. John lives in a country with a _________ economy.
privatized
socialist
communist
market
it is not possible to tell with the information given
Correct Answer:
Verified
Q31: Which country has a command economy?
Australia
Japan
Canada
Germany
Cuba
Q32: Command economies are most likely to be
Q33: What can we say about the number
Q34: Socialism is best described as
a kind of
Q35: Which of the following is correct with
Q37: Communism and socialism are
basic forms of market
Q38: Natural resources as a factor of production
Q39: Which of the following is correct with
Q40: A major drawback to communism as an
Q41: Which of the following is correct regarding
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