« previous next »

Author Question: Central planning is a key characteristic of which economic system? A) free market B) price ... (Read 63 times)

renzo156

  • Hero Member
  • *****
  • Posts: 526
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
Buy Test-Bank


qytan

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Tracheal Tube Respiratory System as diagrammed in a generalized insect Tracheal Tube Respiratory System as diagrammed in a generalized insect
Ears, nose, and throat (ENT) system. Ears, nose, and throat (ENT) system.
Disorders of the Female Reproductive System Disorders of the Female Reproductive System
VITROS DT60II automated blood analysis system. VITROS DT60II automated blood analysis system.
integumentary system integumentary system
Development of the Integumentary System Development of the Integumentary System
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library