Which of the following nations can be called a mixed economy?
A. The United States.
B. Italy.
C. Sweden.
D. France.
E. All of these nations are mixed economies.
Answer: E
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Suppose you want to buy a popular brand of digital camera. Every store in town is out of stock. You are willing and able to pay the current market price of $300 for a camera, but you cannot find any available
Is the market for the digital camera in equilibrium? If not, is the market equilibrium price of the camera above or below $300? Use supply and demand analysis to explain your answer.
Summarize the type of agreement that NAFTA is, its history, the process by which it has been implemented in the last 15 years
What will be an ideal response?
A liberal economist would never recommend that policy makers cut union wages.
Answer the following statement true (T) or false (F)
Exhibit 4-8 Demand and supply curves
In Exhibit 4-8, a movement from A to C is best described as a(n):
A. increase in the quantity supplied and a decrease in the demand. B. decrease in the quantity supplied and a decrease in demand. C. decrease in the quantity supplied and an increase in demand. D. decrease in the quantity demanded and a decrease in supply.