An economy in which economic decisions are based primarily on the interactions of buyers and sellers is known as a _____ economy.
A) market-based
B) socialist
C) traditional
D) command
Correct Answer:
Verified
Q75: When a nation adopts aspects of traditional,
Q76: Traditional economies make economic decisions based on:
A)
Q77: The nation of Lumen produces goods and
Q78: What is a characteristic of a purely
Q79: All goods, services, and resources are allocated
Q81: Which of the following would NOT be
Q82: In the nation of Willowland, all goods
Q83: A potential disadvantage of a market economy
Q84: In a _ economy, households own the
Q85: An advantage of market economies is that:
A)
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