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Author Question: The United States is best known as a A) pure price system. B) dictatorship. C) command and ... (Read 184 times)

khang

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on: Jun 29, 2018
The United States is best known as a
 
  A) pure price system.
  B) dictatorship.
  C) command and control system.
  D) mixed economic system.

Question 2

What is production? What economic factors are involved in production?
 
  What will be an ideal response?


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Alyson.hiatt@yahoo.com

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

D

Answer to Question 2

Production involves any activity that converts resources into goods and services that can be consumed. Production requires the use of all kinds of resourcesnatural resources, capital, and human resources, so the owners of all these resources are involved with production.


khang

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Reply 2 on: Jun 29, 2018
Excellent

scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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