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.
b
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Financial investments, such as mutual fund purchases, are included in the national income component
a. True b. False Indicate whether the statement is true or false
In understanding and analyzing "demand," we focus on how much of a product the buyers are
A. willing and wanting to buy at different prices. B. actually buying now and in the recent past at various prices. C. willing and able to buy at different prices. D. willing and able to buy with their given income.
Briefly describe the three main social insurance programs (Social Security, Medicare, and unemployment insurance).
What will be an ideal response?
In a market system, self-interest motivates most people to
A. rely on government central planning. B. provide products for other people. C. remain self-sufficient. D. avoid paying insurance premiums.