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Author Question: With regard to various economic systems, most economists agree that (Read 63 times)

Mscarter

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Question 1

When discussing types of economic systems, the Canadian economy is best described as
◦ a mixed economic system.
◦ a command economy.
◦ primarily a public ownership economy.
◦ primarily free-market decision making.
◦ traditional.

Question 2

With regard to various economic systems, most economists agree that
◦ government intervention in the economy is only justified in time of war.
◦ most production and consumption decisions are more efficiently coordinated by markets than through central planning.
◦ the mix of market and command principles that exists in Canada is the best.
◦ command economies have been very successful in distributing income in socially just ways.
◦ the optimal mix of market and command systems remains constant over time.


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Marked as best answer by Mscarter on Oct 12, 2022

DevinBrifm

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Mscarter

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)


ghepp

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Reply 3 on: Yesterday
Excellent

 

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