In a pure capitalist economy,"what to produce" is determined by
A) government central planning committees.
B) the price mechanism.
C) the credo: "Each according to his ability,to each according to his needs".
D) all of the choices are true.
Correct Answer:
Verified
Q20: Which statement was true about China and
Q21: Under a communist system,
A)consumer decisions are not
Q22: Who said,"It is not the employer who
Q23: In reality,all economic systems are
A)mixed.
B)command.
C)capitalistiC.
D)democratic.
E)socialistic.
Q24: Which statement is most accurate?
A)By the mid
Q26: The nation closest to a centrally planned,socialist
Q27: Economist John Kenneth Galbraith has argued that
Q28: Which is true about the means of
Q29: Most economists in the U.S.believe that the
Q30: How did the Soviet model of communism
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