What are the two basic types of economies?
Centrally planned economies and market economies
Economics
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What does the sign (positive/negative) of the income elasticity tell us about a good?
What will be an ideal response?
Economics
Why is it useful to make a distinction between debt and equity instruments?
What will be an ideal response?
Economics
Under monopolistic competition, firms have prices ________ marginal cost and long-run profits that are ________ (net of fixed costs).
A. above; positive B. above; close to zero C. below; positive D. below; close to zero
Economics
The original maturity on U.S. Treasury bills is between
A) three months and six months. B) one and ten years. C) six months and three years. D) ten and thirty years.
Economics