In a command economy, resources are allocated by:
A) prices and returns
B) elected officials
C) the dictator
D) whoever is in charge
Correct Answer:
Verified
Q24: If the price of organic food decreases
Q25: A phone call is an example of
Q26: North Korea is an example of a:
A)
Q27: Economics exists because of:
A) markets
B) resources
C) production
D)
Q28: Economics:
A) helps us make business, career, and
Q30: The massive consolidation of farms in the
Q31: Microeconomics concerns:
A) the decisions of individual firms
Q32: The statement, "Gambling is legal in Nevada"
Q33: Scarcity is the fundamental concept of economics
Q34: Suppose that the demand for hamburgers in
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