Which of the following is correct with regard to the issue of different economic systems?
There is a general consensus that command economies are more efficient than market economies because centralized government can consider a wider range of economic factors when decisions are made.
In recent years, more and more countries have rejected communism and embraced more market-based economies.
Socialism is the most extensive command economic system because government owns all the major industries.
A GlobeScan poll of 20 000 people in 20 different countries showed that support for a free market economy was most pronounced in Singapore.
All of these are correct.
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Q30: The economic system in which producers and
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
Q36: John lives in a country where producers
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
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