This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Socialism seeks to abolish the market-price system. In the economic way of thinking, socialism would ... (Read 158 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
Socialism seeks to abolish the market-price system. In the economic way of thinking, socialism would therefore
 
  A) generate tremendous economic growth.
  B) overcome scarcity.
  C) lead to a greater coordination among peoples' production and consumption plans.
  D) allow everybody the opportunity to seek their comparative advantage.
  E) accomplish none of the above.

Question 2

Refer to the figure above. What is the total surplus after Lithasia opens up to free trade?
 
  A) 15
  B) 25
  C) 27
  D) 35


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

D


altibaby

  • Member
  • Posts: 562
Reply 2 on: Jun 29, 2018
:D TYSM

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Evolution of the gibberellin-DELLA system. Evolution of the gibberellin-DELLA system.
The male reproductive system. The male reproductive system.
The Major Divisions of the Nervous System The Major Divisions of the Nervous System
The lymphatic system. The lymphatic system.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Female Reproductive System - Mature (graafian) follicle "الجهاز التناسلي ... Female Reproductive System - Mature (graafian) follicle "الجهاز التناسلي ...
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library