The _____ tend to have a smaller public sector relative to the total economy
a. socialist economies
b. centrally planned economies
c. autocratic economies
d. market economies
e. mercantilist economies
d
Economics
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How do Canada and the United Kingdom deliver healthcare and what is the problem left unresolved?
What will be an ideal response?
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The signals in markets are determined
A) by supply and demand. B) for all goods by the government through the use of price controls. C) in an unfair manner that ends up hurting the poor. D) by nonprice rationing devices.
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Define a price ceiling
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Which of the following can act as a barrier to entry for new firms in an oligopoly market?
a. Increased capital usage b. Diseconomies of scale c. Control over an essential resource d. Increased investment in advertising
Economics