The most common form of economic decentralization involves
A) Having very little government involvement in the economy
B) Markets, where people buy and sell goods and services
C) Government officials making economic decisions
D) Government ownership of the means of production
Correct Answer:
Verified
Q1: In deciding on how to spend their
Q3: A society's institutions
A) Include the laws and
Q4: Economists think of products as being in
Q5: assume that people are motivated by
A) Human
Q6: Microeconomics
A) Studies individual decision making
B) Studies aggregate
Q7: Which of the following is NOT an
Q8: In a capitalist economy,
A) The state controls
Q9: A _ is an enforceable claim on
Q10: In a free market system
A) There is
Q11: In a communist economy,
A) The state controls
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