Command systems are also known as
A) market systems.
B) pure capitalism.
C) laissez-faire capitalism.
D) communism.
Correct Answer:
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Q4: The division of labor means that
A) labor
Q5: Examples of command economies are
A) the United
Q6: Competition means that
A) sellers can manipulate market
Q7: The term "laissez-faire" suggests that
A) land and
Q8: An economic system
A) requires a grouping of
Q10: Which of the following is a fundamental
Q11: Of the following countries, which one best
Q12: Copyrights and trademarks are examples of
A) capital
Q13: Which of the following is a distinguishing
Q14: Broadly defined, competition involves
A) private property and
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