In a command economy:
a. economic effort is devoted to goals passed down from a ruler or ruling class.
b. economic effort is commanded by the people of a country.
c. there is no coordinated economic effort. What you produce is what you get to consume.
d. economic effort is determined by the government, businesses, and the people of a country.
a. economic effort is devoted to goals passed down from a ruler or ruling class.
In a command economy, economic effort is devoted to goals passed down from a ruler or ruling class.
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Refer to Figure 15-3. In the figure above, when the money supply shifts from MS1 to MS2, at the interest rate of 3 percent households and firms will
A) sell Treasury bills. B) want to hold more money. C) neither buy nor sell Treasury bills. D) buy Treasury bills.
All of the following can cause conflict between divisions EXCEPT
a. Coordination between divisions does not benefit all divisions equally b. managers of profit centers care too little about the effects of their decisions on other divisions c. corporate executives reward managers based on firm profitability instead of divisional profitability d. corporate executives cannot tell when one divisional manager's decisions are appropriate or not
If the real risk-free interest rate falls, the:
a. Demand curve for real loanable funds rises. b. Demand curve for real loanable funds falls. c. Supply curve of real loanable funds rises. d. None of the above.
An increase in the price of a good would?
What will be an ideal response?