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Author Question: Which of the following applies to a real-world socialistic economy? a. Private ownership of all ... (Read 108 times)

maychende

  • Hero Member
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  • Posts: 556
on: Jun 30, 2018
Which of the following applies to a real-world socialistic economy?
 a. Private ownership of all factors of production.
  b. Government ownership of all factors of production.
  c. Government ownership of most of the factors of production.
  d. Lack of central planning.

Question 2

If the MPS = .25, and investment falls from 100 to 75, real GDP will decrease by:
 a. 25.
  b. 75.
  c. 150.
  d. 125.
  e. 100.


Jadwiga9

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  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


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