Which is the best example of public property in a mixed-market economy?
Mixed-market economies have more private property, while command economies have more public property.
a. Cars
b. Homes
c. streets and roads
d. restaurants and shops
Answer: c. streets and roads
You might also like to view...
The minimum wage is an example of a price ceiling
Indicate whether the statement is true or false
If expectations of future income become more optimistic, which of the following would occur?
a. Nothing would occur. b. The consumption-income line would shift downward. c. The consumption-income line would shift upward. d. There would be an rightward movement along the consumption-income line. e. There would be a leftward movement along the consumption-income line.
In 1972, a very controversial study asserted that income differences among individuals did not depend on genetic differences in reasoning ability, or differences between schools, or family background. Moreover, the effects of level of schooling are much less than previously understood. After controlling for all of these background variables, much of the variation in earnings appeared to be
random. From this analysis, one might reach the very controversial conclusion that earnings depended to a very great extent on a. human capital. b. ability. c. schooling. d. luck.
To decrease the money supply using the reserve requirements, what would the Fed typically do?
A. raise the reserve requirement for banks B. reduce the reserve requirement for banks C. make each bank voluntarily set its own reserve levels D. let each bank get less currency from the Treasury