The economic system in which the basic economic questions are answered through markets with some government intervention is a:
A. command economy.
B. mixed economy.
C. market economy.
D. planned economy.
Answer: B
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The U.N.'s Millennium Aid Goal is to raise foreign aid levels to ________ percent of donor country GDP.
A. 0.4 B. 10.0 C. 15.0 D. 0.7
(Advanced analysis) Tani invests $100 in a financial asset earning an annually compounded interest rate of 5 percent. In about how many years will her investment be worth $150?
A. 5.2. B. 6.8. C. 8.3. D. 10.
An inflation shock that shifts the short-run aggregate supply curve leftward and leaves the long-run supply curve unchanged means the economy's potential level of output will:
A. increase. B. decrease. C. decrease only if monetary policymakers do not respond. D. not change.
What does the term "commitment" refer to in game theory?
What will be an ideal response?