The government is most involved in economic decisions in a country with a ______ economy.

a. mixed
b. command
c. market
d. traditional


b. command

Economics

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A bank that wants to monitor the check payment practices of its commercial borrowers, so that moral hazard can be reduced, will require borrowers to

A) place a bank officer on their board of directors. B) place a corporate officer on the bank's board of directors. C) keep compensating balances in a checking account at the bank. D) purchase the bank's CDs.

Economics

The simplified expenditure multiplier:

A. grows larger as the marginal propensity to consume increases. B. is calculated as 1/(1 ? MP). C. has a positive value. D. All of these are true.

Economics

One reason why banks might increase their reserve-deposit ratio above the minimum level in times of economic uncertainty is that banks:

A. may find only limited lending opportunities that seem sufficiently safe. B. may have insufficient required reserves. C. are initiating quantitative easing. D. are most profitable when new loans are issued.

Economics

A tax imposed by a government on imported goods or services is a:

A) quota. B) tariff. C) nontariff barrier. D) trade embargo.

Economics