Which of the following best describes a command economy?
A) An economy that is characterized by barter trade of goods and services
B) An economy where strong controls are imposed by the ruling authority
C) An economy in which resources are allocated through the price mechanism.
D) An economy in which there are a few privately owned firms
Question 2
Refer to the scenario above. Which of the following is true, if the individual is optimizing in levels?
A) An optimizer will rent the hotel room for three days, if the net benefit of staying for the third day is negative.
B) An optimizer will rent the hotel room for three days, if the cost of staying for two days exceeds the cost of staying for three days.
C) An optimizer will rent the hotel room for three days, if the net benefit of staying for three days exceeds the net benefit of staying for two days.
D) An optimizer will rent the hotel for three days, if the total benefit of staying for three days exceeds the total benefits of staying for two days.
Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss.
An Australian Shepherd-Beagle mix displaying mastery of the "sit" command
This Labrador Retriever has been trained to woof and bark on command.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
A chest X-ray showing pneumonia characterized by the patch of gray-white areas.
Migration and Global Economy