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Author Question: Central planning is a key characteristic of which economic system? A) free market B) price ... (Read 77 times)

renzo156

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on: Jun 29, 2018
Central planning is a key characteristic of which economic system?
 
  A) free market
  B) price system
  C) command and control
  D) mixed economic system

Question 2

The law of demand states that there is
 
  A) an inverse relationship between income and quantity demanded, ceteris paribus.
  B) a direct relationship between income and quantity demanded, ceteris paribus.
  C) no relationship between taste and quantity demanded, ceteris paribus.
  D) an inverse relationship between price and quantity demanded, ceteris paribus.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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qytan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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