Which of the following statements is correct?
A) Sweden is the best example of a country with a pure socialist economy.
B) A GlobeScan poll found that the greatest support for the free market economy was found among the citizens of India.
C) The United States is a pure capitalist economy.
D) Many countries in the world have a purely communist economy.
E) Under socialism, smaller businesses are often privately owned.
Correct Answer:
Verified
Q19: Profit is
A) the market value of shares
Q20: Not-for-profit organizations
A) are content with small profits,
Q21: A GlobeScan poll showed that the highest
Q22: As a factor of production, labour includes
A)
Q23: Mexico allows producers and consumers to make
Q25: Socialist economies may stifle economic growth because
A)
Q26: Which of the following is correct with
Q27: What is the difference between a command
Q28: An economic system that permits private ownership
Q29: Which country has a command economy?
A) Australia
B)
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