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Test bank and solution manual of essentials of economics 3e (2)

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Nội dung chi tiết: Test bank and solution manual of essentials of economics 3e (2)

Test bank and solution manual of essentials of economics 3e (2)

Chapter 02The Market System and the Circular FlowMultiple Choice Questions1Economic systems differ according to what two main characteristics?A.Owners

Test bank and solution manual of essentials of economics 3e (2)ship of resources and methods of coordinating economic activity.B.Quantity of output produced and who receives the output.c. Who produces the output a

nd what technology is used to produce it.D. The system of government and the quantity of natural resources available.2The private ownership of propert Test bank and solution manual of essentials of economics 3e (2)

y resources and use of prices to direct and coordinate economic activity IS characteristic of:A. a command system.8 a market system.c. communism.D. so

Test bank and solution manual of essentials of economics 3e (2)

cialism.2.1c 2014 by McGraw-Hill Education. Ulis IS pcopnetary material solely for atnhccized sutmctor use. Not authorized for sale or distributionin

Chapter 02The Market System and the Circular FlowMultiple Choice Questions1Economic systems differ according to what two main characteristics?A.Owners

Test bank and solution manual of essentials of economics 3e (2)economy:A consumers are not sovereign.B. markets are not competitive.c. there is a reliance on the market system.D. the government owns the means of p

roduơion.4Which statement best describes a capitalist economy?A The production of goods and services IS determined primanly by markets, but the alloca Test bank and solution manual of essentials of economics 3e (2)

tion of goods and setwees is determined primarily by government.B. The production of goods and services is determined primarily by government, but the

Test bank and solution manual of essentials of economics 3e (2)

allocation of goods and services is determined primarily by markets.c The production and allocation of goods and services IS determined primarily thr

Chapter 02The Market System and the Circular FlowMultiple Choice Questions1Economic systems differ according to what two main characteristics?A.Owners

Test bank and solution manual of essentials of economics 3e (2)d economy?A.The production of goods and services is determined primarily by markets, but the allocation of goods and services is determined primarily

by government.B.The produơion of goods and services is determined primanly by government, but the allocation of goods and services IS determined prima Test bank and solution manual of essentials of economics 3e (2)

rily by markets.c. The production and allocation of goods and services is determined primarily through markets.D. The production and allocation of goo

Test bank and solution manual of essentials of economics 3e (2)

ds and services is determined primarily through government.c 2014 by McGraw-Hill Education Hus IS peopcetary nutcri.il solely fcr authorized msmictor

Chapter 02The Market System and the Circular FlowMultiple Choice Questions1Economic systems differ according to what two main characteristics?A.Owners

Test bank and solution manual of essentials of economics 3e (2) a website. m whole or part.6Which would nor be characteristic of a capitalist economy?A. Government ownership of the factors of production.8 Competit

ion and unrestricted markets. Test bank and solution manual of essentials of economics 3e (2)

Chapter 02The Market System and the Circular FlowMultiple Choice Questions1Economic systems differ according to what two main characteristics?A.Owners

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