In a _______________ economy both private sector enterprise and the government are involved in making production and investment decisions and the ‘animal spirits’ of private companies are moderated by government regulation to protect the vulnerable in society as well as the environment.
(a) Free enterprise
(b) Socialist
(c) Market socialist
(d) Mixed
(d) Mixed
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Intel's biggest obstacle in its Pentium chip flaw was:
a. The cost of replacement. b. Admitting that there was a problem and acknowledging it to the public. c. The hit to earnings if the sales were not made. d. Both a and c e. None of the above
A court order requiring that a person do or refrain from doing a particular act is known as a(n):
A) injunction. B) maxim. C) statute. D) executive order.
Assume the foreign exchange rate for the euro was U.S. $1.00 = .91 euro last month. This month, the exchange rate is U.S. $1.00 = .88 euro. All things equal, the dollar value of European stocks
A) decreased. B) increased. C) stayed the same. D) would vary depending on the country.
Which of the following is an example of a strictly business-oriented service?
A. Insurance and policy B. Market research firm C. Health and beauty D. Real estate