Tim Hughes works at an institutional bakery and is paid a wage dictated by the government. He does not like his job but is not allowed other options. Tim must purchase necessities for his family at fixed prices. The country Tim lives in can be described as a ____ economy.
A. demand
B. command
C. market
D. free-enterprise
E. capitalist
Answer: B
You might also like to view...
In a compensation deal, the seller sells a plant, equipment, or technology to another country and agrees to accept as partial payment products manufactured with the supplied equipment
Indicate whether the statement is true or false
An unsecured creditor is a creditor who has to rely on collateral to secure payment
Indicate whether the statement is true or false
Common law marriage exists in several states if:
A) The parties are eligible to marry. B) The parties voluntarily intend to be husband and wife. C) The parties live together. D) All of the above.
In a closely held corporation, exchanges of stock are limited to transactions between individuals.
Answer the following statement true (T) or false (F)