Which economic system is usually associated with government ownership of the means of production and central planning?
A. Communism
B. A market system
C. Fascism
D. Capitalism
A. Communism
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In the United States, the temporary tax surcharge of 1968
A) actually increased consumer spending. B) decreased consumer spending by more than was originally estimated. C) had no impact on consumer spending. D) decreased consumer spending by less than was originally estimated.
What is the difference between retained earnings and dividends?
What will be an ideal response?
Supplier power tends to be low when
a. The supplier provides non-critical inputs b. The supplier provides homogenous inputs c. Both A&B d. None of the above
In recent decades, other countries have caught up to the U.S. and even surpassed it in some important economic arenas
a. True b. False Indicate whether the statement is true or false