In the nation of Willowland, all goods are allocated on the basis of price and the value placed on that good. The nation of Willowland most likely has a _____ economy.
A) market
B) socialist
C) communist
D) command
Correct Answer:
Verified
Q77: The nation of Lumen produces goods and
Q78: What is a characteristic of a purely
Q79: All goods, services, and resources are allocated
Q80: An economy in which economic decisions are
Q81: Which of the following would NOT be
Q83: A potential disadvantage of a market economy
Q84: In a _ economy, households own the
Q85: An advantage of market economies is that:
A)
Q86: In _ economy, the factors of production
Q87: The factors of production are collectively owned
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents