Which of the following statements about economic systems is true?
A) Consumers usually have more freedom of choice in a market-directed economy.
B) Command economies are most effective for countries with large and complicated varieties of goods and services.
C) Branding is less common in a market-directed economy than in a command economy.
D) The United States is a good example of a command economy.
E) None of these statements is true.
Correct Answer:
Verified
Q262: In a command economy
A) producers generally have
Q263: Consumers in a market-directed economy
A) enjoy limited
Q264: Price is a rough measure of _.
A)
Q265: In a _ the individual decisions of
Q266: In a market-directed economy:
A) profit, survival, and
Q268: The role of price in a market-directed
Q269: An economic system in which government officials
Q270: _ NOT the government's job in a
Q271: Which of the following is NOT true
Q272: In a command economy:
A) producers generally have
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