An economy is an organization that produces goods and services and then allocates those goods and services to its members.
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Q9: Economies where production and distribution decisions are
Q10: Economies where some production decisions are made
Q11: Of the following countries, which is the
Q12: Of the following countries, which is the
Q13: Resources are items that a society uses
Q15: Command economies are never effective at organizing
Q16: Explain the differences between a market system,
Q17: A situation where limited resources make it
Q18: The opportunity cost of an activity is
A)
Q19: Who faces trade-offs?
A) individuals
B) households
C) governments
D) all
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