John is an employee at a car manufacturer.Today he has come into work to find that production has stopped because the government has determined that the steel used in the cars will be better used in the manufacture of a new railway line.John doesn't mind,because although his wages are low,he gets paid whether there is any work for him to do or not.John MOST likely lives in a ________.
A) traditional economy
B) planned economy
C) market economy
D) mixed economy
E) capitalist economy
Correct Answer:
Verified
Q2: A free market economy is one in
Q3: Which transaction best describes bartering?
A) an exchange
Q4: A mixed economy is one in which
Q5: A planned economy is one in which
Q6: Socialism is similar to communism in that
Q7: Celeste is interested in studying the effects
Q8: _ refers to how much of a
Q9: Taken together,iPod and iTunes are _.
A) substitute
Q10: _ is one of the countries closest
Q11: Prices become higher when a unique and
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